UNIVERSITY of FLORIDA BOARD of TRUSTEES COMMITTEE on FINANCE and FACILITIES MINUTES June 4, 2015 Emerson Alumni Hall, Gainesville, Florida Time Convened: 10:30 A.M

UNIVERSITY OF FLORIDA BOARD OF TRUSTEES COMMITTEE ON FINANCE AND FACILITIES MINUTES June 4, 2015 Emerson Alumni Hall, Gainesville, Florida Time Convened: 10:30 a.m. EDT Time Adjourned: 11:20 a.m. EDT

1.0 Verification of Quorum After a roll call, Vice President, General Counsel and University Secretary, Jamie Lewis Keith, confirmed a quorum with all members present except for Committee Chair Jason Rosenberg. Ms. Keith noted that Trustee David Brandon would serve as Acting Chair for the meeting.

2.0 Call to Order and Welcome Acting Committee Chair, David Brandon called the meeting to order at 10:30 a.m. EDT.

Members present were: David L. Brandon (Acting Chair), Susan M. Cameron, James W. Heavener, David M. Thomas, and Anita G. Zucker. Board Chair Steven M. Scott attended the meeting of the Committee on Audit and Operations Review; Committee Chair Jason Rosenberg was unable to attend the meeting.

Others present were: W. Kent Fuchs, President; Charles Lane, Senior Vice President and Chief Operating Officer; Jamie Lewis Keith, Vice President, General Counsel and University Secretary; Michael McKee, Vice President and Chief Financial Officer; Curtis Reynolds, Vice President for Business Affairs; William Reeser, Chief Executive Officer and Chief Investment Officer, UFICO; Edward Kelly, Chief Operating Officer, UFICO; Brad Staats, Assistant Vice President and Interim University Controller; other UF Vice Presidents and Directors, and members of the public and UF community.

3.0 Review and Approval of Minutes After asking whether any Committee member would like separate votes and determining there was no desire to do so, the Acting Committee Chair asked for a motion to approve the minutes of the March 9, March 20 and April 2, 2015 Committee meetings, which was made by Trustee Cameron and seconded by Trustee Zucker. The Acting Committee Chair asked for further 1

discussion, after which he asked for all in favor of the motion and any opposed; and the motion was approved unanimously.

The Committee next addressed the following Action Items:

4.0 Action Items

FF1. Final Operating Budget of Revenues and Expenses for Fiscal Year Ended June 30, 2015 and Preliminary Operating Budget of Revenues and Expenses for Fiscal Year Ended June 30, 2016 Michael McKee, Vice President and Chief Financial Officer, presented the final operating budget for Fiscal Year 2014-15. The document was amended from the document approved at the December Board meeting to reflect the final revenues and expenditures. Approval by the Committee and the Board of Trustees is required in order to meet State reporting deadlines.

The Acting Committee Chair asked for a motion to approve FF1-Final Operating Budget of Revenues and Expenses for Fiscal Year Ended June 30, 2015 for recommendation to the Board which was made by Trustee Thomas and seconded by Trustee Cameron. The Acting Committee Chair asked for further discussion, after which he asked for all in favor of the motion and any opposed; and the motion was approved unanimously.

The Committee then reviewed the preliminary operating budget for Fiscal Year 2015-16. Because no final budget numbers have been determined by the legislature, the preliminary budget uses the same budget figures as the Fiscal Year 2014-15 budget. Once a budget is approved by the legislature and Governor, the UF budget will be amended for approval by the Committee and Board, as well as the Board of Governors.

The Acting Committee Chair asked for a motion to approve FF1-Preliminary Operating Budget of Revenues and Expenses for Fiscal Year Ended June 30, 2016. The motion was made by Trustee Thomas and seconded by Trustee Zucker. The Acting Committee Chair asked for further discussion, after which he asked for all in favor of the motion and any opposed; and the motion was approved unanimously.

FF2. Update to IOM 06-15 Investment Policy for Funds in Excess of Those Required for the Benefit of the University of Florida Michael McKee, Vice President and Chief Financial Officer, reviewed proposed changes to the UF Investment policy regarding operating funds above those required to meet the current needs of the university. The proposed policy changes allow those excess funds to be invested in long term investments with limited risk. He noted that there is still adequate liquidity available to the university. The main change in the policy is a change in various portfolio mixes, including reducing investments in fixed income and moving more to hedged strategies.

In response to a question about investment mix from Trustee Thomas, William Reese, Chief Executive Officer and Chief Investment Officer of the University of Florida Investment

Corporation (UFICO) and Edward Kelly, Chief Operating Officer of UFICO, reviewed the rationale and breakdown of the investment mix and other changes. Currently just over 54 percent of the funds is invested in the state SPIA investment account, 21 percent in an endowment portfolio, 15 percent in short duration fixed income and 9 percent in hedge funds. The objective is to get a 3.5 percent return on investment, which is used in the University strategic fund projections. Because there were duplicate liquid investments in SPIA and UFICO, UFICO proposed rebalancing so that 50 percent of the funds is in hedge strategies, which provide better return with one-third the volatility of other funds. Mr. Kelly asked whether the questions were answered and they were.

The Acting Committee Chair asked for a motion to approve FF2, which was made by Trustee Cameron and seconded by Trustee Thomas. The Acting Committee Chair asked for further discussion, after which he asked for all in favor of the motion and any opposed; and the motion was approved unanimously.

FF3. Approval of Real Property Acquisition Charles Lane, Senior Vice President and Chief Operating Officer, presented a proposal to purchase The Gulf Side Motel in Cedar Key, Florida. The property totals approximately 0.4 acres, and contains a motel and office of approximately 4,700 square feet. Purchase of the land and buildings would serve the Seahorse Key Marine Lab, located on Seahorse Key, providing a mainland base and docking facility. The facility would also be used by an IFAS lab on Cedar Key. The property includes rights to build a dock for the University-owned research boat.

The Acting Committee Chair asked for a motion to approve FF3-Approval of Real Property Acquisition, which was made by Trustee Zucker and seconded by Trustee Thomas. The Acting Committee Chair asked for further discussion, after which he asked for all in favor of the motion and any opposed; and the motion was approved unanimously.

FF4. Fixed Capital Outlay Legislative Budget Request for Fiscal Year 2016-2017 Curtis Reynolds, Vice President for Business Affairs, presented the list of fixed capital outlay budget requests to the Legislature, including Educational Plant Survey amendments. Among the priority requests are funds for the NEXUS engineering building and Norman Hall Renovations. Four facilities, the IFAS academic building, Museum of Natural History, Multidisciplinary Information Technology Building, and Dental Science Building, require supplemental Educational Plant Surveys. It is possible that changes will be needed if the outcome of the legislative session provides less funding than projected. In such event, there will be a July Committee and Board call to review and approve the necessary changes.

The Committee Chair asked for a motion to approve FF4-Fixed Capital Outlay Legislative Budget Request for Fiscal Year 2016-2017, which was made by Trustee Heavener and seconded by Trustee Thomas. The Chair asked for further discussion, after which he asked for all in favor of the motion and any opposed; and the motion was approved unanimously.

FF5. Facilities Spending Plan for FY15 PECO/CITF/Other Appropriated Funds

Curtis Reynolds, Vice President, Business Affairs presented the annual Spending Plan based upon the anticipated outcome of the 2015 Florida Legislative session. The University of Florida anticipates the following appropriations: • (PECO) Nuclear Science Bldg. Renovations/Addition (Engineering Nexus) $25,000,000 • (PECO) Norman Hall Remodeling/Conference Center Addition $ 8,000,000 • (PECO) UF Boiler System $ 7,000,000 • (PECO) Maintenance/Repair/Renovations/Remodeling $18,558,218 • (CITF) J. Wayne Reitz Union Career Resource Center (CRC) $ 5,100,000

The Committee was asked to tentatively approve the facilities spending plan, which tentative approval would be deemed final if the final appropriations provide the projected funding. If the final appropriations at the end of the legislative session and Governor action are less than projected, the Committee and Board will be asked to approve amendments by conference call/meeting in July.

The Acting Committee Chair asked for a motion to approve FF5-Facilities Spending Plan for FY15 PECO/CITF/Other Appropriated Funds on the terms described above and in the materials, which was made by Trustee Cameron and seconded by Trustee Zucker. The Acting Committee Chair asked for further discussion, after which he asked for all in favor of the motion and any opposed; and the motion was approved unanimously.

FF6. Adoption of Campus Master Plan for 2015-2025 Curtis Reynolds, Vice President for Business Affairs, reviewed the process which has led to the final proposed Campus Master Plan being presented to the Committee. By law, university master plans must be updated at least every five years.

At the December 5, 2014 board meeting, the University was authorized to commence the process for adopting the Campus Master Plan (CMP) for 2015-2025. The required first public hearing was conducted on December 16, 2014 and the proposed CMP was provided to the City of Gainesville, Alachua County and eight additional state and regional agencies for review as required.

The Committee was asked to approve the new Campus Master Plan. The Board will hold the final public hearing later in the afternoon and if any comments received warrant changes the Board can be asked to incorporate them. Then, the Board will be asked to approve the final Campus Master Plan at the end of the hearing.

The Acting Committee Chair asked for a motion to approve FF6-Adoption of Campus Master Plan for 2015-2025, which was made by Trustee Zucker and seconded by Trustee Heavener. The Chair asked for further discussion, after which he asked for all in favor of the motion and any opposed; and the motion was approved unanimously.

FF7. Approval of Campus Development Agreement for 2015-2025

Curtis Reynolds, Vice President for Business Affairs, reviewed the expectations of the negotiations with the City of Gainesville and Alachua Country regarding the Campus Development Agreement (CDA) which must be renewed every five years.

Under law, the CDA must identify the impact that University development described in the campus master plan will have on public facilities and services including roads, sanitary sewer, solid waste, storm water run-off, potable water, parks and recreation, and public transportation. The law also provides that certain public facilities and services, including fire/emergency rescue, may be addressed in the CDA. Furthermore, the agreement establishes the University’s fair share of the cost of improvements necessary to address the impacts. The Committee and Board are asked for approval to allow President Fuchs or his designee, Dr. Lane, to negotiate and approve the agreements. There are no financial obligations set out in this agreement.

The Acting Committee Chair asked for a motion to approve FF7-Approval of Campus Master Agreement for 2015-2015 which was made by Trustee Thomas and seconded by Trustee Cameron. The Chair asked for further discussion, after which he asked for all in favor of the motion and any opposed; and the motion was approved unanimously.

FF8. Approval of Real Property Exchange with Innovation Square, LLC Charles Lane, Senior Vice President and Chief Operating Officer, presented a proposal for a land swap between UF and Florida Innovation Hub LLC. UF originally owned nearly all of Parcel A and the LLC originally owned Parcel B. The parcels were previously exchanged for one another in 2012 (resulting in today’s ownership status), in order to accommodate a private construction project which did not materialize. It is proposed that Parcel A and Parcel B be transferred back to their original owners to allow possible construction of a second phase of the Innovation Hub facility. The Committee and Board are asked to waive the requirement relating to due diligence and authorize the President or the Senior Vice President and Chief Operating Officer as his designee to approve, execute and deliver all related documents and take all other actions deemed by him to be in the best interest of the University to accomplish the proposed property exchange. The parcels have no vertical improvements and are well-known to the University and the LLC (whose interest holders are a Direct Support Organization and Shands Teaching Hospital and Clinics, Inc.); this in-the-family transaction holds little risk for either party and the University is getting the slightly larger parcel.

The Acting Committee Chair asked for a motion to approve FF8-Approval of Real Property Exchange with Innovation Square, LLC, which was made by Trustee Zucker and seconded by Trustee Heavener. The Acting Committee Chair asked for further discussion, after which he asked for all in favor of the motion and any opposed; and the motion was approved unanimously.

5.0 Discussion/Informational Items

5.1 Construction and Maintenance update

Curtis Reynolds, Vice President for Business Affairs, updated the Committee on the ongoing projects at UF and critical deferred maintenance. Ongoing projects include: • The Chemistry and Chemical Biology Building – Completion of the project is expected in summer 2016. • Reitz Union Expansion -- The project is on schedule for fall 2015 completion. • Cypress Hall student housing. This is 85 percent complete and will be ready for student occupancy this fall. • Office of Student Life. Site work on this facility is just beginning. • Harrell Medical Building –This project is 90 percent complete and on schedule for a July completion. • Football indoor practice facility – This project is on schedule for completion around September this year.

Vice President Reynolds noted that there is currently more than $200 million of construction activity on campus and projects are on time and in budget. Acting Committee Chair David Brandon commended Vice President Reynolds on running such a large capital program on time and in budget.

Trustee Cameron asked about deferred maintenance needs. Vice President Reynolds noted that there is approximately $40 million of deferred and critical maintenance that has been identified and this problem will only grow worse in coming years. Currently over half of campus buildings are over 30 years old and this proportion will increase as time continues. Trustee Brandon expressed concern noting that this is an issue on which the Committee may need to do some serious strategic planning. A white paper that could be used with the legislature and others was noted as a possibility.

5.2 UFICO Update William Reeser, Chief Investment Officer and Edward Kelly, Chief Operating Officer, UFICO updated the Committee on the status of UF Endowment investments.

The UFICO investment goal is growth focused with 80 percent of investments in public equities, hedged strategies and private equity; 12.5 percent in private real estate and natural resources and 7.5 percent in fixed income and cash. New strategic targets are being set to rebalance some of those asset classes, particularly in the public and private equity and hedged strategies.

Two new benchmarks have been developed including an aggressive benchmark of CPI (inflation) plus 5 percent growth.

In the first quarter of this year there was a 2 percent return on investments, which was ahead of the benchmarks.

6.0 New Business There was no New Business to discuss.

7.0 Adjournment After asking for any further discussion and hearing none, Acting Committee Chair Brandon asked for a motion to adjourn. With no further discussion, the motion was passed unanimously and the Finance and Facilities Committee meeting was adjourned at 11:20 a.m. EDT.

UNIVERSITY OF FLORIDA BOARD OF TRUSTEES COMMITTEE ON FINANCE AND FACILITIES COMMITTEE MINUTES March 9, 2015 Campus Location: 123 Tigert Hall, University of Florida, Gainesville, Florida Time Convened: 3:43 p.m. EDT Time Adjourned: 3:56 p.m. EDT

1.0 Verification of Quorum After a roll call, a quorum was confirmed, with all members present.

2.0 Call to Order and Welcome

Committee Chair, Jason J. Rosenberg called the meeting to order at 3:43 p.m. EDT, and welcomed the Committee members and everyone present. Chair Rosenberg gave a special welcome to new Trustees Patel and Stern and President Fuchs on the occasion of their first Board meeting.

University of Florida Board of Trustees’ Committee on Finance and Facilities Members present: Jason J. Rosenberg (Chair), David L. Brandon, Susan M. Cameron, James W. Heavener, Carolyn K. Roberts, Steven M. Scott, David M. Thomas

Other Trustees present are: Christopher T. Corr, Charles B. Edwards, Pradeep Kumar, Rahul Patel, Robert G. Stern, Cory M. Yeffet

Others Present: Kent Fuchs, President; Win Phillips, Executive Chief of Staff; Joseph Glover, Provost and Senior Vice President for Academic Affairs; Charles Lane, Senior Vice President and Chief Operating Officer; Jamie Lewis Keith, Vice President, General Counsel and University Secretary; Curtis Reynolds, Vice President for Business Affairs; Michael McKee, then-Interim Vice President and Chief Financial Officer; Zina Evans, Vice President for Enrollment; Elias Eldayrie, Vice President

Page 5/190 and Chief Information Officer; Jeremy Foley, Athletic Director; Chip Howard, Senior Associate Athletic Director; Melissa Stuckey, Associate Athletics Director – Business Manager; Brian Mikell, Chief Audit Executive; Joe Canella, Audit Director; Jane Adams, Vice President for University Relations; Paul Davenport, Faculty Senate Chair-Elect; Michael Ford, Senior University Counsel; Janine Sikes, Assistant Vice President for Media Relations and Public Affairs; Becky Holt, Executive Assistant, Jeff Schweers, Gainesville Sun and Ariana Figueroa, Independent Alligator.

3.0 Review and Approval of Minutes With no Trustee desiring separate votes, the Committee Chair asked for a motion to approve the minutes of the November 25, 2014 committee meeting and December 4, 2014 committee meeting, which was made by Trustee Brandon and Seconded by Trustee Cameron. The Chair asked for further discussion, after which he asked for all in favor of the motion and any opposed, and the motion was approved unanimously.

4.0 Action Items Committee Chair Rosenberg asked Athletic Director Jeremy Foley, Vice President for Business Affairs Curtis Reynolds, and Vice President, General Counsel and University Secretary Jamie Lewis Keith to address Action Item FF1.

Referring to the plans in the Committee’s materials, Mr. Foley explained that the University Athletic Association needs to bring its football practice facilities up to the prevailing standard for SEC and NCAA Bowl Division programs. The facility is important for safety and continuity of practice in inclement weather. During the 2014 season, approximately 30 practices were affected by weather. The program has had to patch together use of the O’Connell Center or Florida Gym, when available. The new facility will house a 120-yard, synthetic turf football field, drill and training areas, equipment storage area, and restrooms. The Sanders football practice fields will also include two natural grass fields. The facility will be available to other sports, as needed. The University of Florida is the only one in the league (other than Georgia, which also is planning an indoor facility) that doesn’t have an indoor football practice facility.

Vice President Curtis Reynolds indicated that the estimated cost of the facility is $15 million, although estimating and project design are still in progress and the final total cost could be somewhat higher. Vice President Reynolds said that landscaping will screen the facility, which is located on the campus across from the old President’s House. The work needs to start without delay so the facility will be ready for the 2015-16 football season.

Athletic Director Foley indicated that the $25 million renovation and expansion of the Student Advising Center adjacent to the existing Center near the Florida Gym will provide support for academic and life-skills advising, as well as community service projects of student athletes. He detailed the improvements as described in the materials. This reflects a commitment to the academic and personal success of student athletes.

Page 6/190 The University Athletic Association has adequate funds available for the Project if necessary in any event, but low interest, tax-exempt bonds are preferred and will allow for the most beneficial allocation of the University Athletic Association resources. This bond would bring the UAA’s total debt up to $95 million, maintaining the unofficial cap of $100 million that the University’s Audit and Operations Review Committee had identified as a prudent guideline many years ago. Mr. Foley opined that the University Athletic Association can comfortably manage this level of debt. He also noted that some programs around the country have assumed much higher levels of debt, but the UAA has embraced the unofficial cap addressed with the University’s Board.

President Fuchs provided his perspective on the project. He explained that the indoor practice facility is a unique building. It is big, but not expensive. President Fuchs stated that he is pleased with the work collaboratively undertaken by the University Athletic Association and the University’s Department of Facilities to screen and site the building well so that it will be appropriate in its location on 2nd Avenue across from the old President’s House. The timing is also unique, he said, in that the project was brought forward as the presidency of the University was transitioned and awaited the completion of that transfer in leadership before being fully vetted and completing the plans. President Fuchs stated that the reasons why he fully supports the project are that there is a real need, the funds are available, and the bonds provide flexibility to do more with funds and fundraising. He expressed his appreciation of the Trustees’ support and thanked the Committee and Board.

General Counsel Keith explained that the University Athletic Association Board approved issuance of the bonds in February and, upon the UF Board’s approval, the Board of Governors will be asked to approve the bonds. The Legislature will also need to approve the bonds, and this is a University legislative priority.

Board Chair Scott asked why artificial turf is used, rather than natural grass. Athletic Director Foley explained that, although the indoor facility has large doors that can be opened, artificial turf must be used because natural turf cannot be grown in the indoor facility. Chair Scott complimented Athletic Director Foley for his leadership and handling of the transition in Head Football Coaches. Committee Chair Rosenberg and other Trustees expressed their agreement.

General Counsel Keith summarized the Action Item and Resolution. The Committee and Board are asked to authorize bonds totaling $15 million toward funding of the Project which can be flexibly allocated to the Practice Facility and the Student Advising Center, depending on fundraising results for each part of the project. The Action Item also asks the Board of Governors to approve issuance of the bonds. The Action Item and Resolution authorize the UF President, any officer of UAA, and other authorized officers of UF and UAA, to take actions to implement the bond financing, including the execution, sale and delivery of the bonds.

The Committee Chair asked for a motion to approve Action Item FF1 and R15-144 University Athletic Association, Inc. Bond, which was made by Trustee Brandon and Seconded by Trustee

Page 7/190 Roberts. The Chair asked for further discussion, after which he asked for all in favor of the motion and any opposed, and the motion was approved unanimously.

5.0 Discussion/Informational Items There were no Discussion/Informational Items to discuss.

6.0 New Business There was no New Business to discuss.

7.0 Adjourn After asking for any further discussion and hearing none, Committee Chair Rosenberg asked for a motion to adjourn the meeting, after which he asked for all in favor and any opposed, and the Committee on Finance and Facilities was adjourned at 3:56 p.m. EDT.

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UNIVERSITY OF FLORIDA BOARD OF TRUSTEES COMMITTEE ON FINANCE AND FACILITIES COMMITTEE MINUTES March 20, 2015 Pre-Meeting/Telephone Conference Call 1 Tigert Hall, University of Florida, Gainesville, Florida Convened: 10:00 a.m. Adjourned: 10:20 a.m.

1. Verification of Quorum After a roll call, a quorum was confirmed, with all members present except Trustees Heavener and Scott.

2. Call to Order and Welcome Committee Chair Jason J. Rosenberg called the meeting to order at 10:00 a.m. and welcomed the newest member, Anita Zucker, who had been appointed to the Board of Trustees and Finance and Facilities committee the day before the meeting.

Members present were: Jason J. Rosenberg (Chair), David L. Brandon, Susan M. Cameron, David M. Thomas, Anita G. Zucker

Others present were: President Kent W. Fuchs; Jamie Lewis Keith, Vice President and General Counsel; Curtis Reynolds, Vice President for Business Affairs; Michael V. McKee, Vice President and Chief Financial Officer; Colt Little, Associate University Counsel; Janine Sikes, Assistant Vice President for Media Relations and Public Affairs; Mike Ford, Sr. University Counsel; Alan West, Sr. Associate Controller; Brad Staats, Assistant Vice President and Interim University Controller; Robert Miller, Associate Vice President, Business Affairs; Kathleen Tillett, Sr. Associate Controller; Jeff Chorlog, Asst. Vice President Physical Plant; Eugene Herring, Associate Director Facilities Planning; Charles Lane, Sr. Vice President and Chief Operating Officer; Kevin Heinicka, Director, Facilities Planning Operations.

3.0 Review and Approval of Minutes The committee did not have any minutes to review.

Page 9/190 The Committee addressed the following action items:

4. Action Items

FF1. Auxiliary Facilities with Outstanding Revenue Bonds Certain outstanding state university system bond issues for auxiliary facilities require the Board of Governors to prepare and adopt a detailed revenue and expense budget for bonded auxiliaries. In order to comply with the Board of Governors regulation, a detailed fiscal year 2015-16 revenue and expense budget for the Transportation and Parking auxiliary, which includes anticipated amounts to be deposited to the maintenance and equipment reserve fund, will be presented for approval.

There was some discussion of the amount set aside in reserve, which is higher than the amount in the previous year. Associate Vice President for Business Affairs, Robert Miller, explained that every year an engineering study is done regarding deferred maintenance. A bit more is being set aside this year because UF will soon be at a point where UF needs to consider constructing another parking garage or two.

FF2. Naming: Lee Chira Family Heisman Plaza The Finance and Facilities Committee is asked to approve the renaming of the Heisman Plaza to the Lee Chira Family Heisman Plaza.

Information/Discussion Items The Information/Discussion items will be discussed at the April 2, 2015 Committee meeting.

6.0 New Business There was a question regarding the decision to delay the renovations of the O’Connell Center. Curtis Reynolds told the committee that the decision on the delay was made by UF to give more time for completion of design and for fundraising, and was not because of Construction Manager changes or other factors.

7.0 Adjournment After asking for any further discussion and hearing none, Committee Chair Rosenberg adjourned the meeting at 10:20 a.m.

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UNIVERSITY OF FLORIDA BOARD OF TRUSTEES COMMITTEE ON FINANCE AND FACILITIES MINUTES April 2, 2015 Emerson Alumni Hall, Gainesville, Florida Time Convened: 12:34 p.m. EDT Time Adjourned: 1:30 p.m. EDT

1.0 Verification of Quorum After a roll call, a quorum was confirmed, with all members present.

2.0 Call to Order and Welcome Committee Chair, Jason J. Rosenberg called the meeting to order at 12:34 p.m. EDT, who welcomed the newest member, Trustee Anita Zucker, to the committee.

Members present were: Jason J. Rosenberg (Chair) Susan M. Cameron, Steven M. Scott, David M. Thomas, David L. Brandon, Anita G. Zucker

Others present were: W Kent Fuchs, President; Charles Lane, Sr. Vice President and Chief Operating Officer; Jamie Lewis Keith, Vice President and General Counsel; Curtis Reynolds, Vice President for Business Affairs; David Kratzer, Vice President for Student Affairs; William Reeser, Chief Executive Officer and Chief Investment Officer, UFICO; Ed Kelly, Chief Operating Officer, UFICO, and other UF Vice Presidents and Directors.

3.0 Review and Approval of Minutes The Committee Chair asked for a motion to approve the minutes of the December 4, 2014 committee meeting which was made by Trustee Cameron and seconded by Trustee Thomas. The Chair asked for further discussion, after which he asked for all in favor of the motion and any opposed and the motion was approved unanimously.

Page 11/190 The Committee next addressed the following action items:

4.0 Action Items

FF1. Auxiliary Facilities with Outstanding Revenue Bonds Certain Bond covenants require auxiliary facilities to report the anticipated amount to be deposited in the auxiliary maintenance and equipment reserve fund. A detailed fiscal year 2014/15 revenue and expense budget for the Transportation and Parking auxiliary, which includes anticipated amounts to be deposited to the maintenance and equipment reserve fund, was presented for approval.

The Committee Chair asked for a motion to approve Action Item FF1 for recommendation to the Board which was made by Trustee Brandon and seconded by Trustee Zucker. The Chair asked for further discussion, after which he asked for all in favor of the motion and any opposed, and the motion was approved unanimously.

FF2. Naming: Lee Chira Family Heisman Plaza Susan Goffman, Executive Director of Legal Services for the UF Foundation, presented the request to approve the renaming of the Heisman Plaza to the Lee Chira Family Heisman Plaza.

The Committee Chair asked for a motion to approve Action Item FF2 for recommendation to the Board on the Non-Consent Agenda which was made by Trustee Thomas and Seconded by Trustee Cameron. The Chair asked for further discussion, after which he asked for all in favor of the motion and any opposed, and the motion was approved unanimously.

5.0 Discussion/Informational Items

5.1 Campus Master Plan/Strategic Development Plan Vice President Reynolds updated the committee on progress towards completion of the next 10 year Master Plan for campus. Public meetings were held in December 2014 and the first public comment stage has ended. There was minimal public comment and those comments that were made are being addressed. Officials are currently working with the City and County on a new campus development plan and it is expected that the new Master Plan and request to execute a campus development plan, will be presented to the Board at the June meeting. Following that presentation, a second public meeting will be held.

Charles Lane, Sr. Vice President and Chief Operating Officer, updated the committee on plans for development of a long-term strategic plan for campus. This plan grew out of committee concerns that UF needed a long term plan to deal with future issues such as housing, transportation, etc. These plans have been developed at peer universities and a number of outside consultants have been contacted regarding development of a long term (20-30 year) plan to address housing, transportation, trouble spots, campus branding and the impact on the community outside campus.

Page 12/190 A request for proposals to consultants to help with this process is expected to be issued in May or June with the project expected to last eight-nine months.

5.2 Construction and Maintenance Update Vice President Reynolds updated the committee on the ongoing projects at UF and critical deferred maintenance. Ongoing projects include:  Chemistry building – expected completion summer 2016  Reitz Union expansion – on schedule and on budget for completion this fall  Cypress Hall student housing – on schedule for fall occupancy  Harrell Medical building – scheduled for completion July 2015  Football indoor practice facility – this project is being fast-tracked for September completion.

Trustee Cameron complimented the UF construction and design team that worked on Heavener Hall, remarking on how impressive the new entrance into UF from that corner is now.

Trustee Scott raised a question regarding future technological capabilities of the football indoor practice facility. Vice President Reynolds noted the infrastructure and technological capacity is in place for future use of things like simulations, etc.

In terms of deferred maintenance, UF has been utilizing ESCO contracts whereby a third party provides maintenance updates to critical energy systems and the cost is repaid with the savings realized by the improved efficiencies. Two facilities were highlighted to show Trustees how the improvements save money:  Building 981, constructed in 1995, saw peak expenses in 2006. Since then electrical consumption has fallen 3 percent (although costs did rise slightly), natural gas consumption has dropped 65 percent with costs falling 125 per cent and chilled water consumption has gone down 140 percent while costs dropped 135 percent  Building 970, a 92,000 square foot lab building, saw peak expenses in 2009. Since upgrades, electrical consumption has fallen 27 percent and costs 18 percent, natural gas consumption has dropped 50 percent with costs falling 97 per cent and chilled water consumption has gone down 34 percent while costs dropped 18 percent

Vice President Reynolds noted that the ESCO contracts are not a “catch-all” to solve all of the energy problems on campus but a valuable tool to have. A question was raised about energy costs a student housing and Dave Kratzer, Vice President Student Affairs, said that for all upcoming renovations there is an intention to use the ESCO format.

5.3 Physical Property Insurance Update Vice President Reynolds updated the committee on UF’s property insurance levels. All state owned buildings are insured through the Florida Risk Management Trust Fund. Buildings are insured at actual cash value and discounted over a 35 year period to a value 40 percent of the original.) In addition, there are other insurance requirements such as Builder’s risk insurance and Contractor insurance requirements. Mr. Reynolds notes that a “gap analysis” is being 3

Page 13/190 undertaken to determine the difference between what the state trust fund would provide and the replacement value of UF buildings. That study should be complete by July.

5.4 Quarterly Financial Report Brad Staats, Assistant Vice President and Interim University Controller, updated the committee on the UF Quarterly financial report. He noted that this statement reflects the cash consolidation of DSOs at the beginning of the fiscal year resulting in a large increase in investments, due to component units, and non-operating revenues. There were no questions from the committee.

5.5 UFICO Update William Reeser, Chief Investment Officer and Edward Kelly, Chief Operating Officer, UFICO updated the committee on the status of UF Endowment investments.  UFICO has $2.62 billion in assets under management for UFF, UF, Shands, UAA and others  Portfolio positioning favors equity risk over bonds, credit and cash. Currently the portfolio is overweight in Hedged strategies and underweight in Fixed income compared with its strategic target  The UFF endowment portfolio is up two percent in this fiscal year to date which is much higher than that level achieved by its peer group  Slow shift to hedged risk assets and short term preference for US equities  In private equity sectors the portfolio is balanced by underweight in venture equity

5.6 Employee Recognition Vice President Reynolds recognized two long term UF employees for their initiative in implementing a highly successful small business mentor-protégé program.

Faylene Welcome, Director of UF’s Small Business and Vendor Diversity Program and Miles Albertson, Director of Major Projects and Special programs in Planning, Design and Construction, developed and promoted the program that pairs small business owners with owners and managers of large businesses with UF contracts. The program lasts one year and since its inception in 2009, where there were seven protégés and mentors, it has grown to approximately 40 mentors or protégé participants this year.

6.0 Adjournment After asking for any further discussion and hearing none, Chair Rosenberg asked for a motion to adjourn, which was made by Trustee Brandon and a second which was made by Trustee Cameron. With no further discussion, the motion was passed unanimously and the Finance and Facilities Committee meeting was adjourned at 1:30 p.m. EDT.

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UNIVERSITY OF FLORIDA BOARD OF TRUSTEES COMMITTEE ON FINANCE AND FACILITIES COMMITTEE ACTION ITEM FF1 June 4, 2015

SUBJECT: Final Operating Budget of Revenues and Expenses for Fiscal Year Ended June 30, 2015 and Preliminary Operating Budget of Revenues and Expenses for Fiscal Year Ended June 30, 2016

BACKGROUND INFORMATION

The Board of Trustees is requested to approve the University’s Final Budget of Revenues and Expenses for the Fiscal Year Ended June 30, 2015 and Preliminary Budget of Revenues and Expenses for the Fiscal Year Ended June 30, 2016.

Detailed budgets of revenues and expenses for the University for the Fiscal Years Ended June 30, 2015 (final) and June 30, 2016 (preliminary) are being presented to the Board of Trustees.

PROPOSED COMMITTEE ACTION

The Committee on Finance and Facilities is asked to approve the University’s Final Budget of Revenues and Expenses for the Fiscal Year Ended June 30, 2015 and to approve the University’s Preliminary Budget of Revenues and Expenses for the Fiscal Year Ended June 30, 2016 for recommendation to the Board of Trustees for approval on the Consent Agenda and for submission by the University of Florida to the BOG for final approval.

SIGNIFICANT POLICY ISSUES FOR COMMITTEE TO CONSIDER

Board of Governors final approval is required for the 2015-2016 preliminary budget of revenues and expenses

Supporting Documentation Included: See attached Final Operating Budget and Preliminary Operating Budget.

Page 15/190 Submitted by: Michael V. McKee, Vice President and Chief Financial Officer

Page 16/190 University of Florida 2014‐15 Final Operating Budget of Revenues and Expenses

2014‐15 Preliminary Operation & 2014‐15 Final Operating Institutional Maintenance of Athletic Scholarships Operating Budget Budget Net % Net Dollar Instruction Research Public Service Academic Support Student Services Support Plant Auxiliary Operations Faculty Practice Association and Fellowships (June 2015) (December 2014) Change Change

Operating Budget for 2014‐15 General Revenue $ 62,402,677 $ 95,914,222 $ 50,968,586 $ 161,551,927 $ 31,219,469 $ 79,934,922 $ 83,892,782 $ - $ - $ - $ 3,486,903 $ 569,371,488 $ 569,371,488 0.00% $ ‐ Lottery $ 52,935,427 $ 12,533,877 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 65,469,304 $ 65,469,304 0.00% $ ‐ Tuition $ 330,570,533 $ - $ - $ 1,014,656 $ - $ - $ - $ - $ - $ - $ - $ 331,585,189 $ 331,585,189 0.00% $ ‐ Contracts & Grants $ 19,690,178 $ 479,733,653 $ 104,581,583 $ 25,316 $ 27,160 $ 19,343,674 $ 176,253 $ - $ - $ - $ 8,264,694 $ 631,842,509 $ 449,423,786 40.59% $ 182,418,723 Misc Gifts & Grants $ 94,891,303 $ 20,427,703 $ 467,349,304 $ 28,455,444 $ 1,420,622 $ 273,777,997 $ 26,770 $ - $ - $ - $ 2,137,921 $ 888,487,064 $ 584,230,223 52.08% $ 304,256,841 IFAS/HSC Trust Funds $ 2,342,241 $ 11,580,406 $ 27,934,900 $ 84,642 $ - $ 7,432,405 $ 43,123 $ - $ - $ - $ - $ 49,417,716 36,884,021 33.98% $ 12,533,695 Enterprise & Auxiliary $ - $ - $ - $ - $ - $ 1,164,911 $ - $ 417,881,010 $ - $ - $ - $ 419,045,921 $ 319,428,717 31.19% $ 99,617,204 Other $ - $ - $ - $ 7,206,531 $ 19,237,510 $ 701,550 $ - $ - $ 595,451,315 $ 100,547,102 $ 446,681,075 $ 1,169,825,083 $ 1,122,568,035 4.21% $ 47,257,049 Non‐Operating Revenue (Transfers In) $ 13,489,178 $ 459,403,283 $ 2,550,210 $ 34,406,210 $ 860,298 $ 188,493,981 $ - $ 172,613,038 $ 705,000 $ - $ 61,845,481 $ 934,366,679 $ 571,721,389 63.43% $ 362,645,291 Total Revenue $ 576,321,537 $ 1,079,593,144 $ 653,384,582 $ 232,744,726 $ 52,765,059 $ 570,849,440 $ 84,138,927 $ 590,494,048 $ 596,156,315 $ 100,547,102 $ 522,416,074 $ 5,059,410,954 $ 4,050,682,152 24.90% $ 1,008,728,802

Salaries & Benefits $ 453,616,717 $ 299,490,748 $ 364,691,531 $ 155,283,277 $ 22,949,614 $ 98,008,507 $ 35,713,131 $ 106,401,676 $ - $ 40,387,715 $ 293,676 $ 1,576,836,591 $ 1,525,392,549 3.37% $ 51,444,042 Other Personal Services $ 136,442,900 $ 96,857,107 $ 30,492,226 $ 9,994,914 $ 3,594,202 $ 2,789,135 $ 490,115 $ 31,726,970 $ - $ 1,240,279 $ 1,564,843 $ 315,192,691 $ 238,618,219 32.09% $ 76,574,472 Operating Expenses $ 57,573,949 $ 236,445,622 $ 108,144,525 $ 57,262,876 $ 11,008,183 $ 49,268,286 $ 62,054,161 $ 233,292,733 $ 139,977,985 $ 57,357,824 $ 434,169,930 $ 1,446,556,073 $ 1,396,729,303 3.57% $ 49,826,770 Non‐Operating Expenses (Transfers Out) $ 20,652,892 $ 457,257,541 $ 20,570,134 $ 24,436,750 $ 18,965,721 $ 229,032,525 $ 21,549 $ 160,641,801 $ 470,536,577 $ 4,000,000 $ 32,526,829 $ 1,438,642,319 $ 981,912,869 46.51% $ 456,729,450 Total Expenses $ 668,286,458 $ 1,090,051,018 $ 523,898,417 $ 246,977,815 $ 56,517,720 $ 379,098,452 $ 98,278,956 $ 532,063,179 $ 610,514,562 $ 102,985,818 $ 468,555,278 $ 4,777,227,674 $ 4,142,652,939 15.32% $ 634,574,735

Net Change $ (91,964,921) $ (10,457,874) $ 129,486,165 $ (14,233,089) $ (3,752,661) $ 191,750,988 $ (14,140,029) $ 58,430,868 $ (14,358,247) $ (2,438,716) $ 53,860,796 $ 282,183,280 $ (91,970,787) 206.82%$ 374,154,068

Page 17/190 University of Florida Preliminary 2015‐16 Operating Budget of Revenues and Expenses

2014‐15 Pending Approval Final 2015‐16 Operating Budget Preliminary Net Dollar (June 2015) Operating Budget Change

Preliminary Operating Budget for 2015‐16 General Revenue$ 569,371,488 $ 569,371,488 $ ‐ Lottery$ 65,469,304 $ 65,469,304 $ ‐ Tuition$ 331,585,189 $ 331,585,189 $ ‐ Contracts & Grants$ 631,842,509 $ 631,842,509 $ ‐ Misc Gifts & Grants$ 888,487,064 $ 888,487,064 $ ‐ IFAS/HSC Trust Funds$ 49,417,716 $ 49,417,716 $ ‐ Enterprise & Auxiliary$ 419,045,921 $ 419,045,921 $ ‐ Other$ 1,169,825,083 $ 1,169,825,083 $ ‐ Non‐Operating Revenue (Transfers In)$ 934,366,679 $ 934,366,679 $ ‐ Total Revenue $ 5,059,410,954 $ 5,059,410,954 $ ‐

Salaries & Benefits$ 1,576,836,591 $ 1,576,836,591 $ ‐ Other Personal Services$ 315,192,691 $ 315,192,691 $ ‐ Operating Expenses$ 1,446,556,073 $ 1,446,556,073 $ ‐ Non‐Operating Expenses (Transfers Out)$ 1,438,642,319 $ 1,438,642,319 $ ‐ Total Expenses $ 4,777,227,674 $ 4,777,227,674 $ ‐

Net Change $ 282,183,280 $ 282,183,280 $ ‐

**General Revenue, Lottery, and Tuition are DRAFT pending the outcome of the Legislature's Special Session. Per the Board of Governors staff, we are to use a continuation budget until the General Appropriation Act is finalized.

Page 18/190

UNIVERSITY OF FLORIDA BOARD OF TRUSTEES COMMITTEE ON FINANCE AND FACILITIES COMMITTEE ACTION ITEM FF2 June 4, 2015

SUBJECT: Investment Policy for Funds in Excess of Those Required for the Benefit of the University of Florida

BACKGROUND INFORMATION

The purpose of this investment policy (Policy) is to govern the investment of certain University Operating funds in accordance with sections 1011.42(5) and 218.415, Florida Statutes.

Scope - This investment policy applies to certain operating funds determined by the President to be in excess of those required to meet current expenses for the benefit of the University of Florida (University). These funds will be designated as University Operating Funds (UOF) for the purpose of this policy. The policy shall not apply to funds related to the issuance of debt where there are other existing policies or indentures in effect for such funds.

PROPOSED COMMITTEE ACTION

The Committee on Finance and Facilities is asked to approve changes to Internal Operating Memorandum 06-15 to amend portfolio targets and other fund requirements for recommendation to the Board of Trustees for approval on the Consent Agenda.

SIGNIFICANT POLICY ISSUES FOR COMMITTEE TO CONSIDER

Board of Governors approval is not required.

Supporting Documentation Included: See Appendix for lined changes and accepted changes.

Submitted by: Michael V. McKee, Vice President and Chief Financial Officer

Page 19/190

University of Florida Internal Operating Memorandum

Number: 06-15 Un

Date: December 1, 2006 (Supercedes No. 06-14 dated September 8, 2006), Revised December 8, 2008, September 21, 2012, March 22, 2013, June 4, 2015

Subject: Investment Policy for Funds in Excess of Those Required for the Benefit of the University of Florida

Authority: Section 1011.42(5) and 218.415, F.S.

1. Purpose and Scope

A. Purpose - The purpose of this Investment Policy (Policy) is to govern the investment of certain University Operating Funds in accordance with sections 1011.42(5) and 218.415, Florida Statutes.

B. Scope - This investment policy applies to certain operating funds determined by the President to be in excess of those required to meet current expenses for the benefit of the University of Florida (University). These funds will be designated as University Operating Funds (UOF) for the purpose of this policy. The policy shall not apply to funds related to the issuance of debt where there are other existing policies or indentures in effect for such funds.

2. Investment Objectives

A. The primary objective is to place the highest priority on the safety of UOF principal and liquidity. The optimization of investment income shall be secondary to the requirements for safety and liquidity.

B. A secondary objective is to maximize income (book yield) per fiscal year while providing minimal risk of market value volatility and adequate short-term liquidity to meet any cash flow demands.

C. As a tertiary objective, the UOF portfolio seeks to outperform its benchmarks associated with the investment pools described in section 7.B. below.

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3. Roles and Responsibilities

A. Board of Trustees – Finance and Facilities Committee

The Finance and Facilities Committee of the UF Board of Trustees will approve the UOF investment policy of the university. They will also approve changes to the UF Investment Policy.

B. University Investment Committee The University Investment Committee, appointed by the President of the University or his/her designee, will consist of five to eight persons related to the University and familiar with aspects of the University’s cash needs.

The Investment Committee will approve asset allocation decisions based on long and short-term cash needs. Actual investment decisions within the approved allocations will be made by the Vice President and Chief Financial Officer (“CFO”), University Controller (as authorized by the CFO), and University of Florida Investment Corporation (UFICO) as appropriate.

The Investment Committee may engage advisors to assist them in their investment decisions, with approval from the President of the University. The Investment Committee may select investment manager(s) and is responsible for monitoring the performance of all such manager(s).

C. Vice President and Chief Financial Officer The Vice President and Chief Financial Officer (CFO) will chair the University Investment Committee.

D. Assistant Vice President and University Controller The University Controller performs the duties of Secretary of the Investment Committee, a non-voting role. The Division of Finance and Accounting, under the direction of the Controller, will ensure proper accounting of investments and prepare required monthly and quarterly management reports reviewed by the Investment Committee.

E. Senior Vice Presidents The Senior Vice Presidents of the University will review the UOF management reports and portfolio performance at least twice per year and will advise the President to continue or recommend that the Board of Trustees discontinue or modify the UOF Investment Policy and the extent of investment in the UOF portfolio.

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4. Performance Measurement

A. The State Treasury Investment Pool will be used as a benchmark for the current operating funds (short-term portfolio.)

B. For funds with a longer-term investment horizon (long-term portfolio) the State Treasury Investment Pool will also be used as well as an index with similar maturity characteristics; specifically defined relative to the specific longer-term funds at the time they are invested.

C. For funds invested with UFICO, a benchmark approved by the UFICO Board of Directors will be used, if it is also ratified by the University President or his or her designee.

5. Prudence and Ethical Standards

A. Investments shall be made in accordance with the “Prudent Person” rule which states the following: Investments shall be made with judgment and care, under circumstances then prevailing, which persons of prudence, discretion and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the probable safety of their capital as well as the probable income to be derived from the investment.

B. Employees and members of the Investment Committee involved in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program, or which could impair their ability to make impartial investment decisions. Also, employees involved in the investment process shall disclose to the University any material financial interests in financial institutions that conduct business with the University, and they shall further disclose any material personal financial/investment positions that could be related to the performance of the University’s investment program.

C. Delegation of Authority – Except as provided in Section 17, authority to manage the UOF investment program outlined in this policy is delegated by the President of the University to the Investment Committee.

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6. UOF Portfolio Authorized Investments

Investments shall be limited to the following:

A. U.S. Treasury Bills, Notes, Bonds, and Strips and other obligations whose principal and interest is fully guaranteed by the United States of America or any of its agencies or instrumentalities

B. Government Sponsored Enterprises: Federal Farm Credit Bank (FFCB), Federal National Mortgage Association (FNMA), Federal Home Loan Mortgage Corporation (FHLMC), Federal Home Loan Bank (FBLB), Student Loan Marketing Association (SLMA), Financing Corporation (FICO), The Resolution Funding Corporation (REFCO), Farm Credit System Financial Assistance Corporation, the Federal Housing Finance Board and all other government sponsored agencies and enterprises

C. Repurchase Agreements: collateralized at 102% by U.S. Treasuries

D. Certificates of Deposit in state-certified qualified public depositories

E. Mortgage-Backed Pass Throughs guaranteed by the U.S. Government or a Federal agency, including securities collateralized by the same

F. Asset-Backed Securities: rated "AAA" by either Standard & Poor's or Moody's at the time of purchase. Thereafter, any security downgraded below AAA by either rating agency will be evaluated for potential divesture by the President of UFICO, CFO and University Controller.

G. Money Market Instruments: securities rated “A1/P1" or the equivalent as a minimum as defined by Standard & Poor's and/or Moody's and all other nationally recognized credit rating organizations (Tier 1 as defined by 2(a) 7 money market funds) at the time of purchase. Included but not limited to commercial paper, time deposits and banker's acceptances.

H. Corporate Notes rated single A and higher by both Standard & Poor's and Moody's at the time of purchase. Thereafter, any security downgraded below single A by either rating agency will be evaluated for potential divesture by the Investment Manager, CFO and University Controller.

I. Money Market Funds registered with the SEC and only invested in securities as allowed by this policy

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J. Such investments authorized by this section include those governed by the UFICO Statement of Investment Policy.

K. Investments as otherwise authorized by the Board of Trustees.

L. State Treasury Investment Pool

M. State Board of Administration Local Government Surplus Trust Fund (SBA Pool)

N. University Central Bank: Excess funds may be invested in the operations of university departments auxiliaries and centers through the University’s Central Bank Institutional Loan Program.

It should be recognized that certain securities may meet the above definition of an Authorized Investment but their risk characteristics, as created by their structure, may be such that a prudent investor would deem them inappropriate for the University. Securities of this type which are prohibited:

A. Reverse repurchase agreement

B. Floating rate securities whose coupon floats inversely to an index or whose coupon is determined based upon more than one index

C. Tranches of Collateralized Mortgage Obligations (CMO) which receive only the interest or principal from the underlying mortgage securities; commonly referred to as “IO’s” and “PO’s”

D. Securities whose future coupon may be suspended because of the movement of interest rates or an index

7. Maturity and Liquidity Requirements

A. The UOF investment portfolio shall be constructed in such manner as to provide sufficient liquidity to pay obligations as they come due. To the extent possible, an attempt will be made to match investment maturities with known cash needs and anticipated cash-flow requirements.

B. University funds will be held in the following three pools, based on the specific criteria for the pool as noted below.

1) Operational Cash and Emergency Reserves (short-term) –

Page 24/190 5

designated as cash reserves needed for operational expenses and immediate cash reserves that may be needed to cover unforeseen emergency events (e.g., disaster recovery). Funds require late- day access and same day liquidity. Funds may be invested overnight with authorized institutions. 2) Restricted Cash – designated as cash proceeds from bonds earmarked for use with specific construction projects. Funds are invested as determined by bond covenant.

3) Strategic (long-term) – designated as cash that historically has not been used for normal operations and can be invested long- term, such as those invested with the UF Investment Corporation and the University Central Bank. Funds may be invested for one year or longer.

8. Portfolio Composition

Recognizing that market value volatility is a function of maturity, with the exception of the funds placed with UFICO and the University Central Bank, the UOF portfolio shall be maintained as a short-term maturity portfolio. Additionally, it is recognized that proper diversification is considered a prudent investment approach. Specifically, the following restrictions apply in the management and investment of the UOF Portfolio:

A. The total UOF Portfolio must maintain a total quality rating of 5.56.0 or higher on the following scale:

Government Investment Pool 10 .0 U.S. Government fully guaranteed 10.0 University Central Bank 10 .0 Government sponsored enterprises (GSE): 9 .0 “AAA”-rated securities: 8 .0 “AA”-rated securities: 7 .0 “A” – rated securities: 6 .0 “BBB”-rated securities 5 .0 All others 1 .0

B. The UOF Portfolio target portfolio mix is as follows:

Minimum and Target Percent of Asset Class Maximum Percent of Portfolio Assets Portfolio Assets 1) Public Equity 4.5% - 10.5% 68%

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2) Fixed Income 101% - 185% 142% (Core and Short-term) 3) Hedged Strategies 1325% - 2035% 1732% 4) Private Equity 0% - 57.5% 35% 5) Natural Resources 0% - 54% 2% 6) Real Estate 0% - 54% 21% 7) Cash, SPIA, 50% - 65% 550% Central Bank

C. The University President is authorized to impose parameters on these investments that lower the risk. The long-term portion of the UOF portfolio placed with UFICO must maintain a total quality rating of 2.5 or higher.

D. The short-term UOF portfolio must maintain a total quality rating of 8.0 or higher. E. The maximum average duration of the short-term UOF portfolio shall be no greater than 120% of the target benchmark’s average duration.

1) The maturity of debt obligations with a call and/or put option(s) shall be considered the date on which it can be reasonably expected that the bond will be called, put or mature. 2) The maturity of mortgage/asset-backed securities shall be considered the date corresponding to its average life. This date reflects the point at which an investor will have received back half of the original principal (face) amount. The average life may be different from the stated legal maturity included in a security’s description. 3) The effective maturity of floating rate securities shall be considered the time until the next full reset of the coupon. The maximum effective duration of a floating rate security shall be five (5) years from the date of purchase. 4) The maximum effective duration of an individual security shall be five (5) years from the date of purchase. 5) To limit principal fluctuation, no more than 40% shall have an effective duration greater than three (3) years. 6) In order to provide sufficient liquidity and stability of principal, at least 10% of the Fund shall have an effective duration of one year or less.

F. A maximum of 5% of the short-term UOF portfolio may be invested in

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securities of any single issuer. U.S. Government, Government Agency and GSE government investment pool securities are not subject to any limitations.

9. Risk and Diversification

Investments held shall be diversified, in accordance with the guidelines set above, to the extent practicable to control the risk of loss resulting from overconcentration of assets in a specific maturity, issuer, instrument, dealer or bank through which financial instruments are bought and sold. Diversification strategies within these guidelines shall be reviewed and revised periodically, as deemed necessary by the Investment Committee.

10. Authorized Investment Institutions and Dealers

The University shall list financial institutions consisting of banks and other depository institutions authorized to provide depository and investment services. In addition, this list will include security broker/dealers consisting or “primary” dealers or regional dealers that qualify under Securities and Exchange Commission (SEC) Rule 15C3-1 (uniform net capital rule) that are providing services to the University or that the University contemplates using. The list shall be reviewed by the University Investment Committee and the CFO at least annually.

11. Third-Party Custodial Agreements

All securities purchased by the University or by its approved Investment Manager under this Policy shall be properly designated as an asset of the University and held in safe keeping by a third party custodial bank or other third party custodial institution. If a bank or trust company serves in the capacity of Investment Manager said bank or trust company could also perform required custodial and reporting services.

No withdrawal of securities, in whole or in part, shall be made from safekeeping except by those designated within the Investment Management and Custodial Agreement between the Custodian and the University.

12. Master Repurchase Agreement

The University will establish and maintain a master repurchase agreement prior to transacting any repurchase agreements and will require all approved institutions and dealers transacting repurchase agreements to adhere to the requirements of the master repurchase agreement.

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13. Bid Requirement

The University shall require purchases and sales to be executed in a competitive bid environment wherein at least three (3) offers or bids are obtained for each security. Exceptions to this approach may be made when (1) prices for purchases/sales are compared to systems providing current market prices and deemed reasonable, (2) when the security to be purchased is unique to one institution or (3) the security has recently been issued and is trading at the same price by all financial institutions.

14. Internal Controls

The University Controller will establish a system of internal controls and operational procedures, which will be documented in writing. The internal controls will be reviewed by the Investment Committee. The controls will be designed to prevent losses of public funds arising from fraud, employee error, and misrepresentation by third parties, unanticipated changes in financial markets, or imprudent actions by employees and officers of entity.

15. Continuing Education

University staff involved with investments must annually complete eight (8) hours of continuing education in subjects or courses related to investment practices and products.

16. Reporting

Unless otherwise indicated, the following are the responsibilities expected of the University:

A. Monthly reporting of holdings and transactions occurring in the portfolio - This report is to include at least (1) all assets held by the University by class/type, book value, approximate market value, income earned, accrued income and (2) all transactions occurring in the portfolio during the month.

B. Quarterly reporting of the portfolio’s performance - The University will report the portfolio’s total rate of return, which reflects the true earnings of the portfolio and incorporates cash flows, changes in market value and income earned. Calculation of the portfolio’s total rate of return will comply with the performance measurement standards as defined by the Association of Investment Management and Research (AIMR).

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17. Evaluation and Compliance

This policy shall be reviewed by the Investment Committee and the President on an annual basis. Any changes to the policy must be approved by the UF Board of Trustees.

Investments currently held that do not meet the guidelines of this policy shall be exempted from the requirements of the policy until maturity or liquidation. Such monies shall be reinvested only as provided by this policy.

History: New September 8, 2006. Revised December 1, 2006, Revised December 8, 2008, Revised September 21, 2012, Revised March 22, 2013, Revised June 4, 2015.

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University of Florida Internal Operating Memorandum

Number: 06-15 Un

Date: December 1, 2006 (Supercedes No. 06-14 dated September 8, 2006), Revised December 8, 2008, September 21, 2012, March 22, 2013, June 4, 2015

Subject: Investment Policy for Funds in Excess of Those Required for the Benefit of the University of Florida

Authority: Section 1011.42(5) and 218.415, F.S.

1. Purpose and Scope

A. Purpose - The purpose of this Investment Policy (Policy) is to govern the investment of certain University Operating Funds in accordance with sections 1011.42(5) and 218.415, Florida Statutes.

2. Investment Objectives

B. A secondary objective is to maximize income (book yield) per fiscal year while providing minimal risk of market value volatility and adequate short-term liquidity to meet any cash flow demands.

C. As a tertiary objective, the UOF portfolio seeks to outperform its benchmarks associated with the investment pools described in section 7.B. below.

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3. Roles and Responsibilities

A. Board of Trustees – Finance and Facilities Committee

The Finance and Facilities Committee of the UF Board of Trustees will approve the UOF investment policy of the university. They will also approve changes to the UF Investment Policy.

C. Vice President and Chief Financial Officer The Vice President and Chief Financial Officer (CFO) will chair the University Investment Committee.

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4. Performance Measurement

A. The State Treasury Investment Pool will be used as a benchmark for the current operating funds (short-term portfolio.)

C. For funds invested with UFICO, a benchmark approved by the UFICO Board of Directors will be used, if it is also ratified by the University President or his or her designee.

5. Prudence and Ethical Standards

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6. UOF Portfolio Authorized Investments

Investments shall be limited to the following:

A. U.S. Treasury Bills, Notes, Bonds, and Strips and other obligations whose principal and interest is fully guaranteed by the United States of America or any of its agencies or instrumentalities

C. Repurchase Agreements: collateralized at 102% by U.S. Treasuries

D. Certificates of Deposit in state-certified qualified public depositories

E. Mortgage-Backed Pass Throughs guaranteed by the U.S. Government or a Federal agency, including securities collateralized by the same

I. Money Market Funds registered with the SEC and only invested in securities as allowed by this policy

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J. Such investments authorized by this section include those governed by the UFICO Statement of Investment Policy.

K. Investments as otherwise authorized by the Board of Trustees.

L. State Treasury Investment Pool

M. State Board of Administration Local Government Surplus Trust Fund (SBA Pool)

N. University Central Bank: Excess funds may be invested in the operations of university departments auxiliaries and centers through the University’s Central Bank Institutional Loan Program.

A. Reverse repurchase agreement

B. Floating rate securities whose coupon floats inversely to an index or whose coupon is determined based upon more than one index

C. Tranches of Collateralized Mortgage Obligations (CMO) which receive only the interest or principal from the underlying mortgage securities; commonly referred to as “IO’s” and “PO’s”

D. Securities whose future coupon may be suspended because of the movement of interest rates or an index

7. Maturity and Liquidity Requirements

B. University funds will be held in the following three pools, based on the specific criteria for the pool as noted below.

1) Operational Cash and Emergency Reserves (short-term) – designated as cash reserves needed for operational expenses and immediate cash reserves that may be needed to cover unforeseen

Page 34/190 5

emergency events (e.g., disaster recovery). Funds require late- day access and same day liquidity. Funds may be invested overnight with authorized institutions. 2) Restricted Cash – designated as cash proceeds from bonds earmarked for use with specific construction projects. Funds are invested as determined by bond covenant.

8. Portfolio Composition

A. The total UOF Portfolio must maintain a total quality rating of 5.5 or higher on the following scale:

B. The UOF Portfolio target portfolio mix is as follows:

Minimum and Target Percent of Asset Class Maximum Percent of Portfolio Assets Portfolio Assets 1) Public Equity 4.5% - 10.5% 8% 2) Fixed Income 1% - 5% 2% (Core and Short-term)

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3) Hedged Strategies 25% - 35% 32% 4) Private Equity 0% - 7.5% 5% 5) Natural Resources 0% - 4% 2% 6) Real Estate 0% - 4% 1% 7) Cash, SPIA, 50% - 65% 50% Central Bank

C. The University President is authorized to impose parameters on these investments that lower the risk.

9. Risk and Diversification

10. Authorized Investment Institutions and Dealers

11. Third-Party Custodial Agreements

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12. Master Repurchase Agreement

13. Bid Requirement

14. Internal Controls

15. Continuing Education

University staff involved with investments must annually complete eight (8) hours of continuing education in subjects or courses related to investment practices and products.

16. Reporting

Unless otherwise indicated, the following are the responsibilities expected of the University:

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17. Evaluation and Compliance

This policy shall be reviewed by the Investment Committee and the President on an annual basis. Any changes to the policy must be approved by the UF Board of Trustees.

History: New September 8, 2006. Revised December 1, 2006, Revised December 8, 2008, Revised September 21, 2012, Revised March 22, 2013, Revised June 4, 2015.

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UNIVERSITY OF FLORIDA BOARD OF TRUSTEES COMMITTEE ON FINANCE AND FACILITIES COMMITTEE ACTION ITEM FF3 June 4, 2015

SUBJECT: Approval of Real Property Acquisition

BACKGROUND INFORMATION

University of Florida Internal Operating Memorandum 02-5 requires the approval of the Board of Trustees to acquire fee simple interest in real property on behalf of the University of Florida.

The Gulf Side Motel, LLC (the “LLC”) is the owner of land totaling approximately 0.4 acres, located at 552 First Street, Cedar Key, Florida, and more particularly described in the attached Exhibit A. The land contains a motel and ancillary office space totaling approximately 4,700 square feet. The LLC has proposed selling the land and improvements to the Board of Trustees of the University of Florida for $585,000. The proposed University use for the property is as a mainland base for the University’s Seahorse Key Marine Lab, headquartered in Cedar Key and providing oceanographic research at Seahorse Key, approximately four miles offshore. The purchase of the property will include the assignment to the University of the current owner’s leasehold interest in certain adjacent real property that will give the University the right to construct, on state-owned submerged lands, a dock for the University-owned research boat. The property will be acquired utilizing funds committed by both the Office of the Provost and the Office of the Senior Vice President for Agriculture and Natural Resources.

The University has previously entered into an option agreement with the LLC (the “Option Agreement”) whereby the University was granted the option, to be exercised within its sole discretion, to purchase the subject property at the above-referenced price and in accordance with the terms set forth in a negotiated purchase and sale agreement incorporated into the Option Agreement. In accordance with statutory requirements, two appraisals of the property will have been obtained by the date of this meeting, and the results will be provided to the Committee. The University has complied, or will comply at or prior to closing, with all requirements relating to the purchase of the property, including those relating to the completion of due diligence activities and the securing of title insurance, that arise from the Florida Statutes and Board of Governors and University regulations.

Page 39/190 PROPOSED COMMITTEE ACTION

The Committee on Finance and Facilities is asked to approve for recommendation to the Board of Trustees for its approval on the Consent Agenda, the following: (a) exercise of the University’s option and acquisition of the above-described real property in Cedar Key, Florida, on terms complying with applicable law and regulation and consistent with this Action Item, as approved by University President or the Senior Vice President and Chief Operating Officer, as his designee, and (b) authorization of the University President or the Senior Vice President and Chief Operating Officer as his designee, to approve, execute and deliver all related documents and filings and to take all other actions deemed by him to be in the best interests of the University in connection with the acquisition.

SIGNIFICANT POLICY ISSUES FOR COMMITTEE TO CONSIDER

Board of Governors approval is not required.

Supporting Documentation Included: See attached legal description, location maps and Option Agreement located in the Appendix.

Submitted by: Charles E. Lane, Senior Vice President and Chief Operating Officer

Page 40/190 Appendix A

PROPOSED PROPERTY ACQUISITION LEGAL DESCRIPTION

552 1st St., Cedar Key, FL, tax parcel number 0044600000

More particularly described as:

All that tract lying south of Block 3 and the end of "D" Street in the City of Cedar Key, Florida, according to the plat thereof recorded in Plat Book 1, Page 3, of the public records of Levy County, Florida, and being in Section 32, Township 15 South, Range 13 East, Levy County, Florida, more particularly described as follows: Beginning at the Southwest corner of the intersection of Front or First Street and "D" Street in Cedar Key, Florida, according to the plat thereof recorded in Plat Book 1, Page 3, public records of Levy County, Florida, and running thence Easterly along the south line of First or Front Street a distance of 100 feet; thence South 26º03' East, along the westerly boundary of ISLAND PLACE AT CEDAR KEY, A CONDOMINIUM, according to the Declaration thereof recorded in Official Records Book 192, Page 322, et seq., of the public records of Levy County, Florida, said line also being parallel to the West line of said "D" Street, extended southerly, to the North line of the main channel; thence Westerly along the North line of said main channel to a point intersecting the West line of "D" Street, if "D" Street were extended to the main channel; thence in a Northerly direction along the West line of "D" Street, if "D" Street were extended Southerly to the main channel, to the Point of Beginning. Subject to restrictions, reservations and easements of record, if any.

Page 41/190 LOCATION OF PROPOSED ACQUISITION

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UNIVERSITY OF FLORIDA BOARD OF TRUSTEES COMMITTEE ON FINANCE AND FACILITIES COMMITTEE ACTION ITEM FF4 JUNE 4, 2015

SUBJECT: Fixed Capital Outlay Legislative Budget Request for Fiscal Year 2016-2017

BACKGROUND INFORMATION

The Florida Board of Governors requires an annual submission from each university of its Fixed Capital Outlay Legislative Budget Request. This update is used by the Florida Board of Governors to develop the annual Fixed Capital Outlay Legislative Budget Request. Several items are included in this submission as follows:

• Five year Capital Improvement Plan (“PECO List”) • Amendments to the 2015 Educational Plant Survey to incorporate PECO list modifications • Requests from Other State Sources • Fixed Capital Outlay Authorization for projects requiring General Revenue for operation

PROPOSED COMMITTEE ACTION

The Committee on Finance and Facilities is asked to approve the Fixed Capital Outlay Legislative Budget Request for Fiscal Year 2016-2017 including Educational Plant Survey amendments for recommendation to the Board of Trustees for approval on the Consent Agenda and for submission by the University of Florida to the Florida Board of Governors.

SIGNIFICANT POLICY ISSUES FOR COMMITTEE TO CONSIDER

Board of Governors approval is required.

Page 80/190 Supporting Documentation Included: (CIP-2) Five Year Capital Improvement Plan, (BOB-2) Fixed Capital Outlay Projects Requiring Legislative Authorization and General Revenue Funds to Operate and Maintain, Amendments to 2015 Educational Plant Survey.

Submitted by: Curtis A. Reynolds, Vice President for Business Affairs

Page 81/190 STATE UNIVERSITY SYSTEM Five-Year Capital Improvement Plan (CIP-2) and Legislative Budget Request Fiscal Years 2016-17 through 2020-21

University - University of Florida

PECO-ELIGIBLE PROJECT REQUESTS Academic or Net Gross Project Cost Educational Approved by 2016-17 2017-18 2018-19 2019-20 2020-21 Other Programs Assignable Square Per GSF Plant Survey Law - Include GAA Priority to Benefit Square Feet Feet Project (Proj. Cost/ Recommended reference No Project Title Year 1 Year 2 Year 3 Year 4 Year 5 from Projects (NASF) (GSF) Cost GSF) Date/Rec No. 1 UTILITIES/INFRASTRUCTURE IMPROVEMENTS (P,C,E), (P,C,E), (P,C,E), (P,C,E), (P,C,E) 18,000,000 18,000,000 18,000,000 18,000,000 18,000,000 ALL N/A N/A 90,000,000 N/A 2014 2 NUCLEAR SCIENCE BUILDING RENOVATIONS/ADDITION (ENGINEERING NEXUS) (P,C), (C), (CE) 24,000,000 ENGINEERING 51,465 79,185 24,000,000 $ 303 2014 3 NORMAN HALL REMODELING/CONFERENCE CENTER ADDITION(P,C), (C), (CE) 8,000,000 8,437,950 EDUCATION 54,459 55,609 24,437,950 $ 439 2014 4 IFAS ACADEMIC BUILDING(P,C,E) 8,000,000 7,868,900 IFAS 26,250 33,725 15,868,900 $ 521 Supp Surv. Required 5 FLORIDA NATURAL HISTORY MUSEUM BIODIVERSITY AND SPECIAL COLLECTIONS FACILITY(P,C,E) 10,000,000 22,800,000 ALL 34,250 51,995 32,800,000 $ 631 Supp Surv. Required 6 MULTIDISCIPLINARY INFORMATION TECHNOLOGY BUILDING (P,C,E) 27,500,000 29,800,000 12,500,000 ENGINEERING/HSC/IFAS 102,000 163,500 69,800,000 $ 427 Supp Surv. Required 7 DENTAL SCIENCE BUILDING ADDITION AND RENOVATIONS (P), (C), (CE) 25,000,000 16,500,000 16,500,000 16,485,500 DENTISTRY 178,871 203,053 74,485,500 $ 367 Supp Surv. Required 8 CLAS LIFE SCIENCES (P,C), (C), (CE) 14,000,000 20,000,000 CLAS 52,850 83,780 52,000,000 $ 621 2014 9 WHITNEY CENTER FOR MARINE ANIMAL HEALTH (P,C), (CE) 11,682,000 8,118,000 CLAS/HSC/IFAS/ENG 23,395 36,225 19,800,000 $ 547 2014 10 PUBLIC SAFETY BLDG. (P), (C) 8,500,000 17,300,000 ALL 43,164 57,294 25,800,000 $ 450 2014 11 IFAS NATURAL RESOURCES BUILDING (PC) 23,000,000 IFAS 58,420 92,060 42,200,000 $ 458 2014 12 PSYCHOLOGY BUILDING REMODELING AND ADDITION (PC) 13,800,000 PSY 74,332 101,552 55,600,000 $ 548 2014 13 ROLFS HALL RENOVATION/RESTORATION (P,C,E) 14,000,000 CLAS/IFAS/E&G 41,336 41,336 14,000,000 $ 339 2014 14 WEIL HALL REMODELING, PHASE II (P,C), (C), (CE) 14,322,684 ENGINEERING 55,156 82,734 35,520,257 $ 429 2014 15 MCCARTY HALL - A,B,D RENOVATIONS (P), (C), (CE) 35,293,500 IFAS 149,561 149,561 35,293,500 $ 236 2014 16 ENVIRONMENTAL HEALTH & SCIENCES BUILDING (P,C,E) 45,000,000 CVM 55,000 90,000 45,000,000 $ 500 2014 17 MUSIC BUILDING RENOVATION (P,C,E) 18,250,000 FINE ARTS 55,411 69,645 18,250,000 $ 262 2014 18 TROPICAL RESEARCH AND EDUCATION CENTER(P,C,E) 6,000,000 IFAS 7,170 11,515 6,000,000 $ 521 2014

TOTAL 68,000,000 109,606,850 64,300,000 81,182,000 243,569,684

CITF PROJECT REQUESTS Academic or Net Gross Project Cost Committee Other Programs Assignable Square Per GSF Approval to Benefit Square Feet Feet Project (Proj. Cost/ Date Project Title Year 1 Year 2 Year 3 Year 4 Year 5 from Projects (NASF) (GSF) Cost GSF) EXPANSION & RENOVATION OF CAREER RESOURCE CENTER 5,100,000 ALL 16,975 22,431 5,100,000 $ 227 10/15/2014

TOTAL 5,100,000 0 0 0 0

REQUESTS FROM OTHER STATE SOURCES Academic or Net Gross Project Cost Other Programs Assignable Square Per GSF to Benefit Square Feet Feet Project (Proj. Cost/ Project Year 1 Year 2 Year 3 Year 4 Year 5 from Projects (NASF) (GSF) Cost GSF) PK YONGE DEVELOPMENTAL RESEARCH SCHOOL - PHASE 2 (P,C,E) 18,730,900 EDUCATION 45,800 59,000 18,730,900 $ 317 JOINT USE LIBRARY STORAGE FACILITY (C,E) 17,957,488 6,685,000 SUS 57,650 62,970 26,660,000 $ 423 TOTAL 36,688,388 6,685,000 0 0 0

REQUESTS FROM NON-STATE SOURCES, INCLUDING DEBT Academic or Net Gross Project Cost Expected Master Plan Other Programs Assignable Square Per GSF Source of Approval to Benefit Square Feet Feet Project (Proj. Cost/ Funding Date Project Year 1 Year 2 Year 3 Year 4 Year 5 from Projects (NASF) (GSF) Cost GSF) (if known)

TOTAL 0 0 0 0 0 Page 82/190 CIP2 STATE UNIVERSITY SYSTEM Fixed Capital Outlay Projects that may Require Legislative Authorization and General Revenue Funds to Operate and Maintain BOB-2

Estimated Annual Amount For Project Project Funding Operational & Maintenance Costs Univ. Project Title GSF Brief Description of Project Location Amount Source Amount Source UF Addiction Research Center in Yon Hall 6,750 The project scope is for repurposing of the vacated Living Well Auxiliary spaces Main Campus 1,460,000 UF Funds 59,695 State located in Yon Hall into E&G space to house the Addiction Research Center. This new center will be staffed by incoming preeminent faculty hires establishing research initiatives in the field of Health Education and Behavior.

UF Children's Medical Services Building (Schiebler CMS 46,181 The Children's Medical Services Buildings are presently owned by the State of Main Campus Property Transfer Property Transfer 477,330 State Building) Florida, administered under the Department of Environmental Protection, and leased to the Department of Health (DOH). Currently, building "A" is predominately occupied by the UF College of Medicine, Pediatrics Department and will be released for transfer of assignment from the Department of Health to the University of Florida.

UF Baby Gator Childhood Development and Research 11,083 Baby Gator Childhood Development and Research Center supports the Main Campus Property Acquisition Property Acquisition 98,014 State Center (Corry Circle-Bldg# 1049) university’s mission to provide teaching, research, scholarship and service by providing training and research support for pre-service teachers and students in fields related to children and families. Students from the College of Education and IFAS Family Youth and Community Science completed a total of 4,399 training hours in Baby Gator classrooms. Support for these teachers-in-training requires an orientation/introduction to the field of teaching young children, hands-on in-class training, supervision by their mentor teachers, and completion of assessments required by their professors. Additionally, the College of Medicine places one or two pediatric residents at Baby Gator for a 2-day rotation each month.

UF Sea Horse Key Facility 5,000 The property serves as the mainland base for the University’s Seahorse Key Sea Horse Key Site Property Acquisition Property Acquisition 42,197 State Marine Lab, headquartered in Cedar Key and providing oceanographic research at Seahorse Key, approximately four miles offshore. The University's research boat is also docked at this site. The property includes spaces for both office and administrative uses, as well as residential dormitory style accommodations for visiting faculty, graduate students, and school groups which visit Seahorse Key on a regular basis.

IFAS Storage Building 5,000 Equipment storage is needed to provide weather protected boat storage for Gainesville $ 75,000 Private 44,144 State Fisheries Fisheries and Aquatic Sciences at the Gainesville Millhopper site.

IFAS Equipment Storage 3,200 Equipment storage and support building is needed for housing Wildlife Ecology Gainesville $ 100,000 Private 28,252 State Wildlife & Conservation department boats and equipment. This will provide weather protected boat & dry storage of research equipment suitable to organize and load up for research activities across the state.

IFAS Greenhouse 9,920 New eight bay greenhouse for the plant science departments located at the on- Gainesville $ 800,000 Grant 87,581 State Multi-department campus Fifield greenhouse complex. Greenhouse will include thrip screen (B1223) protection, cooling pads and heaters with modern control systems to support growing area of research.

IFAS Land Management Building 2,080 Newly acquired building will be used to support land management of the 9,400 Homestead $ 32,343 Private 18,364 State Ordway-Swisher Biological Station acre Ordway-Swisher Biological Station. (B2242)

IFAS Really Nolen Cabin 912 Newly acquired residence will be used to house visiting scientists at the Ordway- Melrose na Donated 8,052 State Ordway-Swisher Biological Station Swisher Biological Station. (B2270)

IFAS Storage Building 336 Newly acquired storage building will be used to store research program Melrose na Donated 2,966 State Ordway-Swisher Biological Station materials at the Ordway-Swisher Biological Station. (B2271)

FCO Projects.GR.Operate.Maintain

Page 83/190 Estimated Annual Amount For Project Project Funding Operational & Maintenance Costs Univ. Project Title GSF Brief Description of Project Location Amount Source Amount Source IFAS Equipment Storage 280 New equipment storage building used to store research equipment in support of Lake Alfred $ 1,725 Private 2,472 State Citrus REC citrus greening research located at Citrus Research and Education Center - (B7129) Lake Alfred.

IFAS Graduate Residence (B7201) 1,120 Graduate student residence in support of management of the Equine Sciences Lowell $ 53,270 Private 9,888 State Center. This will be used to hose graduate students and provide for off hours security at the facility.

IFAS Mix/Load Facility 512 The new mix-load facility at the Indian River Research and Education Center- Ft Pierce $ 80,000 Private 4,520 State Indian River REC Ft. Pierce is in support of grove management in accordance with state BMP’s, (B7393) best management practices.

IFAS Tunnel House #1 1,152 The tunnel house will be used in support of horticultural research at the Plant Citra $ 9,000 Grant 10,171 State Plant Science REU Science Research and Education Unit - Citra. (B7528)

IFAS Tunnel House #2 1,152 The tunnel house will be used in support of horticultural research at the Plant Citra $ 9,000 Grant 10,171 State Plant Science REU Science Research and Education Unit - Citra. (B7529)

IFAS Tunnel House #3 1,152 The tunnel house will be used in support of horticultural research at the Plant Citra $ 9,000 Grant 10,171 State Plant Science REU Science Research and Education Unit - Citra. (B7530)

IFAS Equipment Storage 12,000 Equipment storage building is needed to support the farm operations equipment Citra $ 86,000 Private 105,944 State Plant Science REU at the 1,045 acre Plant Science Research and Education Unit. (B7531)

IFAS Field Building 220 New field building will be used to protect the irrigation controls system. Live Oak $ 800 Private 1,942 State Suwannee Valley Agricultural Extension Center (B8307)

IFAS Equipment Storage 2,720 Equipment storage building is needed for the expanding research programs at Ruskin $ 16,500 Private 24,014 State Tropical Aquaculture Lab the Tropical Aquaculture facility located in Ruskin. (B9411)

FCO Projects.GR.Operate.Maintain

Page 84/190 University of Florida Student Campus 2018-2019 Class- Teaching Research Aud/ Instruct. Academic Support Total room Lab Study Lab Office Exhibition Media Support Gym Services NASF Space Needs by Space Type 2018-2019 366,692 562,406 960,383 1,914,945 1,965,874 109,134 26,556 0 145,876 267,743 6,319,609 Net Space Needs from Form B 3,543 171,677 526,459 745,566 357,330 33,518 14,504 0 76,548 76,284 2,005,427 Percent of Space Needs 99.03% 69.47% 45.18% 61.07% 81.82% 69.29% 45.38% 0.00% 47.53% 71.51% 68.27%

3) CIP Projects Proj. 1) Nuclear Science Building Renovation 0 14,500 1,000 21,400 9,500 0 0 0 0 600 47,000 Sub Total Net Space Needs 3,543 157,177 525,459 724,166 347,830 33,518 14,504 0 76,548 75,684 1,958,427 Sub Total Percent 99.03% 72.05% 45.29% 62.18% 82.31% 69.29% 45.38% 0.00% 47.53% 71.73% 69.01%

Proj. 2) Norman Hall Remodeling & Conference Addition 0 0 0 0 0 0 200 0 0 0 200 Sub Total Net Space Needs 3,543 157,177 525,459 724,166 347,830 33,518 14,304 0 76,548 75,684 1,958,227 Sub Total Percent 99.03% 72.05% 45.29% 62.18% 82.31% 69.29% 46.14% 0.00% 47.53% 71.73% 69.01% Project updated May, 2015 supplimental survey. Proj. 3) Dental Science Building Renovations 0 34,500 8,770 9,000 0 0 0 0 0 52,270 Sub Total Net Space Needs 3,543 122,677 525,459 715,396 338,830 33,518 14,304 0 76,548 75,684 1,905,957 Sub Total Percent 99.03% 78.19% 45.29% 62.64% 82.76% 69.29% 46.14% 0.00% 47.53% 71.73% 69.84%

Proj. 4) McCarty Hall - A,B,D Renovations 0 0 0 0 0 0 0 0 0 0 0 Sub Total Net Space Needs 3,543 122,677 525,459 715,396 338,830 33,518 14,304 0 76,548 75,684 1,905,957 Sub Total Percent 99.03% 72.05% 45.29% 62.18% 82.31% 69.29% 45.38% 0.00% 47.53% 71.73% 69.01% Project updated May, 2015 supplimental survey. Proj. 5) MULTIDISCIPLINARY INFORMATION TECHNOLOGY BUILDING 0 44,000 2,000 32,000 21,000 0 0 0 0 3,000 102,000 Sub Total Net Space Needs 3,543 78,677 523,459 683,396 317,830 33,518 14,304 0 76,548 72,684 1,803,957 Sub Total Percent 99.03% 79.88% 45.49% 63.85% 83.37% 69.29% 45.38% 0.00% 47.53% 72.85% 70.62%

Proj. 6) Public Safety Building 0 0 0 0 17,200 0 0 0 0 8,825 26,025 Sub Total Net Space Needs 3,543 78,677 523,459 683,396 300,630 33,518 14,304 0 76,548 63,859 1,777,932 Sub Total Percent 99.03% 79.88% 45.49% 63.85% 84.25% 69.29% 45.38% 0.00% 47.53% 76.15% 71.04%

Proj. 7) IFAS Natural Resources Building 2,000 2,200 4,200 28,620 17,500 1,000 0 0 0 2,900 58,420 Sub Total Net Space Needs 1,543 76,477 519,259 654,776 283,130 32,518 14,304 0 76,548 60,959 1,719,512 Sub Total Percent 99.58% 80.27% 45.93% 65.35% 85.14% 70.20% 45.38% 0.00% 47.53% 77.23% 71.96%

Proj. 8) Psychology Building Remodeling & Addition 0 1,800 540 30,000 3,500 0 0 0 0 750 36,590 Sub Total Net Space Needs 1,543 74,677 518,719 624,776 279,630 32,518 14,304 0 76,548 60,209 1,682,922 Sub Total Percent 99.58% 80.59% 45.99% 66.92% 85.32% 70.20% 45.38% 0.00% 47.53% 77.51% 72.54%

Proj. 9) Rolfs Hall Renovation/Restoration 0 0 0 0 0 0 0 0 0 0 0 Sub Total Net Space Needs 1,543 74,677 518,719 624,776 279,630 32,518 14,304 0 76,548 60,209 1,682,922 Sub Total Percent 99.58% 80.59% 45.99% 66.92% 85.32% 70.20% 45.38% 0.00% 47.53% 77.51% 72.54%

Proj. 10) Weil Hall Remodeling, Phase II 0 0 0 0 0 0 0 0 0 0 0 Sub Total Net Space Needs 1,543 74,677 518,719 624,776 279,630 32,518 14,304 0 76,548 60,209 1,682,922 Sub Total Percent 99.58% 80.59% 45.99% 66.92% 85.32% 70.20% 45.38% 0.00% 47.53% 77.51% 72.54%

Proj. 11) Environmental Health & Sciences Building 0 0 0 30,000 22,000 0 0 0 0 1,200 53,200 Sub Total Net Space Needs 1,543 74,677 518,719 594,776 257,630 32,518 14,304 0 76,548 59,009 1,629,722 Sub Total Percent 99.58% 80.59% 45.99% 68.48% 86.44% 70.20% 45.38% 0.00% 47.53% 77.96% 73.38%

Proj. 12) Music Building Renovation 0 0 0 0 0 0 0 0 0 0 0 Sub Total Net Space Needs 1,543 74,677 518,719 594,776 257,630 32,518 14,304 0 76,548 59,009 1,629,722 Sub Total Percent 99.58% 80.59% 45.99% 68.48% 86.44% 70.20% 45.38% 0.00% 47.53% 77.96% 73.38%

Page 85/190 Page 63 Proj. 13) CLAS Life Sciences 0 12,900 4,000 25,000 10,000 0 0 0 0 950 52,850 Sub Total Net Space Needs 1,543 61,777 514,719 569,776 247,630 32,518 14,304 0 76,548 58,059 1,576,872 Sub Total Percent 99.58% 82.88% 46.40% 69.79% 86.95% 70.20% 45.38% 0.00% 47.53% 78.32% 74.22% Projects added May, 2015 supplimental survey. Proj. 14) IFAS Academic Building 0 11,400 750 0 0 4,500 0 0 0 1,000 17,650 Sub Total Net Space Needs 1,543 50,377 513,969 569,776 247,630 28,018 14,304 0 76,548 57,059 1,559,222 Sub Total Percent 99.58% 84.91% 46.48% 69.79% 86.95% 74.33% 45.38% 0.00% 47.53% 78.69% 74.50%

Proj. 15) FNHM BIODIVERSITY AND SPECIAL COLLECTIONS FACILITY 0 0 0 28,850 5,000 0 0 0 0 400 34,250 Sub Total Net Space Needs 1,543 50,377 513,969 540,926 242,630 28,018 14,304 0 76,548 56,659 1,524,972 Sub Total Percent 99.58% 84.91% 46.48% 71.29% 87.20% 74.33% 45.38% 0.00% 47.53% 78.84% 75.04%

Total Percent of Net Space Needs 99.58% 84.91% 46.48% 71.29% 87.20% 74.33% 45.38% 0.00% 47.53% 78.84% 75.04%

* Satisfactory Space calculated using the 2013 UF Space File Submission. Adjustments made in each category to account for the total amount of sq ft of the Health Science Center Space in the following disciplines: Veterinary Medicine, Medicine & Dentistry. Additional adjustments made in each category to account for half the total amount of sq ft of the Health Science Center Space in the following disciplines: Office of Health Affairs & Graduate Research All applicable data provided by UF and can be located in the UF_HSC_By_Cat document *** Due to the elimination of the Student Acadmenic Support Space factor, Student Academic Support Space has been added to the Study Category.

Page 86/190 Page 64

UNIVERSITY OF FLORIDA BOARD OF TRUSTEES COMMITTEE ON FINANCE AND FACILITIES COMMITTEE ACTION ITEM FF5 JUNE 4, 2015

SUBJECT: Facilities Spending Plan for FY15 PECO/CITF/Other Appropriated Funds

BACKGROUND INFORMATION

During the 2015 Florida Legislative session, the University of Florida anticipates receipt of funding appropriations as follows;  (PECO) Nuclear Science Bldg. Renovations/Addition (Engineering Nexus) $25,000,000  (PECO) Norman Hall Remodeling/Conference Center Addition $ 8,000,000  (PECO) UF Boiler System $ 7,000,000  (PECO) Maintenance/Repair/Renovations/Remodeling $18,558,218  (CITF) J. Wayne Reitz Union Career Resource Center (CRC) $ 5,100,000

PROPOSED COMMITTEE ACTION

In light of the uncertainty of final appropriations from the current Legislative Session, the Committee on Finance and Facilities is asked to “tentatively” approve the facilities spending plan as submitted for approval on the Board’s Consent Agenda. Upon approval of the State of Florida General Appropriations Act, any necessary amendments to the anticipated appropriations will be discussed and approved by conference call meeting of the Committee and the Board. If no changes are needed, the Board will be notified and the tentative approval will be deemed final.

SIGNIFICANT POLICY ISSUES FOR COMMITTEE TO CONSIDER

Board of Governors approval is not required.

Supporting Documentation Included: See attached Facilities Spending Plan. Submitted by: Curtis A. Reynolds, Vice President for Business Affairs

Page 87/190 UNIVERSITY OF FLORIDA BOARD OF TRUSTEES FACILITIES SPENDING PLAN 2015-2016 "Tentative" pending outcome of 2015 Florida Legislative Session General Appropriations Act

P.E.C.O. UTILITIES/INFRASTRUCTURE IMPROVEMENTS 0 UF BOILER PROJECT 7,000,000 NUCLEAR SCIENCE BUILDING RENOVATIONS/ADDITION (ENGINEERING NEXUS) 25,000,000 NORMAN HALL REMODELING/CONFERENCE CENTER ADDITION 8,000,000 CRITICAL DEFERRED MAINTENANCE 0

TOTAL 40,000,000

CAPITAL IMPROVEMENT TRUST FUND PROJECTS (CITF)

J. WAYNE REITZ UNION CAREER RESOURCE CENTER (CRC) 5,100,000

TOTAL 5,100,000

MAINTENANCE, REPAIR, RENOVATION, AND REMODELING

MAINTENANCE, REPAIR, RENOVATION, AND REMODELING 18,558,218

TOTAL 18,558,218

GENERAL REVENUE FUNDED APPROPRIATIONS OTHER GENERAL REVENUE FUNDED APPROPRIATIONS 0

GRAND TOTAL 63,658,218

Page 88/190

UNIVERSITY OF FLORIDA BOARD OF TRUSTEES COMMITTEE ON FINANCE AND FACILITIES COMMITTEE ACTION ITEM FF6 June 4, 2015

SUBJECT: Adoption of Campus Master Plan for 2015-2025

BACKGROUND INFORMATION

Because of the unique relationship between the state universities and the local governments in which they are situated, the Florida Legislature determined in the early 1990’s that state university campuses should follow a master plan process for campus planning and concurrency requirements instead of the traditional growth management laws followed in and by local communities. By law, university master plans must be updated at least every five years. At the current time, it is necessary for the University of Florida to update its Campus Master Plan (CMP).

At this Board’s meeting on December 5, 2014, the Board authorized the University to commence the process for adopting the Campus Master Plan for 2015-2025. The required first public hearing was conducted on December 16, 2014. Subsequently, the proposed CMP was provided to the City of Gainesville, Alachua County and eight additional state and regional agencies for review as required. All comments received by the University about the proposed CMP as well as the University’s responses are summarized for the board’s review. The final CMP documents have been revised as needed in response to comments and are ready for final adoption. The plan documents and review comments are available online at http://www.facilities.ufl.edu/planning/cmp/mp2015/mpdocs.php.

The required informal public information session was conducted on October 27, 2014. An additional public information session was conducted on May 19, 2014. As required by law, the final public hearing for plan adoption is being held by the UF Board of Trustees in conjunction with the Board’s meeting on June 4, 2015. At the end of the public hearing, this Board will be requested to formally act to approve and adopt the Campus Master Plan for 2015-2025, as required by this Board’s policy on campus master plans (03-6).

Page 89/190

PROPOSED COMMITTEE ACTION

The Committee on Finance and Facilities is asked to approve the Adoption of the Campus Master Plan for 2015-2025 for recommendation to the Board of Trustees for approval at the end of the Public Hearing, which will be held at 3:40 pm EDT on June 4, 2015, after the Board Committees’ meetings and before the full Board’s regular business meeting that day.

SIGNIFICANT POLICY ISSUES FOR COMMITTEE TO CONSIDER

Board of Governors approval is not required.

Supporting Documentation Included: See Appendix.

Submitted by: Curtis A. Reynolds, Vice President for Business Affairs

Page 90/190 CAMPUS MASTER PLAN UF Board of Trustees 2015-2025 June 4, 2015

Business Affairs PLANNING, DESIGN & Page 91/190 CONSTRUCTION WELCOME

 Purpose of Public Hearing

 Public Comment Process

 Please Sign In

Page 92/190 2 PLAN INSPECTION

 Advertisement  Documents . Data and Analysis Report . Evaluation and Appraisal Report . Plan Elements (Goal, Objectives, Policies and Maps)  UF Planning, Design and Construction Division . 232 Stadium, 245 Gale Lemerand Drive (between Gates 3 & 4, Ben Hill Griffin Stadium)  Online at www.masterplan.ufl.edu

Page 93/190 3 SCHEDULE

 Oct. 27, 2014 – Public Information Session  Dec. 4-5 2014 – UFBOT Approval  Dec. 16, 2014 - Public Hearing for Transmittal  Mar. 24, 2015 – End of 90-day agency review period  Apr. 20, 2015 – CMP Steering Committee  May Committees (LVLC, PTAC, PHBSC, LUFPC)  June 4, 2015 – UFBOT Plan Adoption and Authorization to Execute the Campus Development Agreement . Within 45 days – notice of adoption to “affected persons who submitted comments” . 30 days from receipt of notice – “affected persons” can challenge plan’s compliance  Campus Development Agreement . 2 public hearings each for City and County for adoption . Dec. 31, 2015 – current CDA expires Page 94/190 4 CMP OVERVIEW

Page 95/190 5 JURISDICTION

Page 96/190

6 Page 97/190 7 Page 98/190 8 FUTURE LAND USE CHANGES

Change Future Land Use 2025 Acres 2014 Acres 2014-2025 Academic/Research 270.1 273.7 -3.6 Academic/Research - Outdoor 319.0 325.2 -6.2 Active Recreation 78.3 76.7 1.5 Active Recreation - Outdoor 175.3 193.1 -17.8 Green Space Buffer 24.6 22.6 2.0 Conservation 448.0 447.3 0.7 Cultural 19.5 19.5 0.0 Housing 156.5 157.4 -0.9 Parking 101.8 91.3 10.5 Road 83.6 83.7 -0.1 Support/Clinical 187.2 176.8 10.5 Urban Park 64.3 65.2 -0.9 Utility 27.0 23.4 3.6

TOTAL Page 99/190 1955.2 1955.7 -0.6

9 Page 100/190 10 Page 101/190 11 10-YEAR CAPITAL PROJECTS LIST (JULY 1, 2015 – JUNE 30, 2025)

Planned Net New GSF UF Main Campus Space Type 2015 - 2025 Academic/ Academic-Outdoor 1,227,353 Active Recreation/ Active Recreation- Outdoor 295,986 Support / Clinical and Cultural 712,519 Housing * 128,673

TOTAL 2,364,531

*Housing GSF does not include student residential facilities constructed outside the Campus Master Plan boundary Page 102/190 12 GOALS, OBJECTIVES, POLICIES AND INFRASTRUCTURE PROJECTS

 Urban Design  Future Land Use  Academic Facilities  Support/Clinical/Cultural Facilities  Housing  Recreation and Open Space  Conservation  Transportation (Roads, Bicycles, Pedestrians, Transit, Parking)  General Infrastructure (Stormwater, Potable, Sanitary, Solid Waste)  Utilities (Steam, Chilled Water, Electric, Other Fuels, Telcom)  Public Safety  Facilities Maintenance  Capital Improvements  Intergovernmental Coordination  Implementation Page 103/190 13 AGENCY AND PUBLIC REVIEW COMMENTS/RESPONSES

Page 104/190 14 COMMENTS

Public Hearing #1 . Comments from 3 citizens Public Agency Reviews . Sent to 10 state, local and regional agencies . Comments from 3 agencies required modification to plan documents Public Reviews . Comment from 1 faculty member

Page 105/190 15 INTERNAL CORRECTIONS/REVISIONS

Page 106/190 16 MODIFICATIONS

.CIP 10-Yr Projects List

. Basketball Practice Facility Addition (1,600 GSF new)

. Football Practice Facility Support Building (Net Loss 1,200 GSF)

. Pi Beta Phi Sorority Addition – W. Fraternity Drive (1,337 GSF new) .Scrivener Errors

Page 107/190 17 FUTURE LAND USE

. Newell Hall Renovation and Annex Replacement . Correct FLU to Support/Clinical, 0.7 acres (Map and Tables) . Project listed in CIP Element as Support . Project description consistent

Page 108/190 18 IMPACTS TO PUBLIC Campus FACILITIES AND Development Agreement SERVICES

Page 109/190 19 2005 - 2015 CDA STATUS

Main Campus – approximately 2m GSF remain authorized

Satellite Properties - balance remains of GSF authorized at all sites except Dairy Research Unit

Parking - 1,715 net new parking spaces remain authorized

Page 110/190 20 CAMPUS DEVELOPMENT AGREEMENT

 Expires December 31, 2015

 CDA 2006 provided $21.1m impact mitigation

 CDA 2004 provided $3.5m continuing funds for RTS

 CDA 1998 provided $10.2m for roads, transit & bike/ped

 As of 2011, Concurrency Trust Fund no longer exists for payments on CDAs

Page 111/190 21 CDA 2015 - 2025

 Carries forward already authorized GSF and parking

 Increases GSF at some Satellite Properties

. Primarily East Campus & Libraries Remote Services

 No additional impacts that are not already mitigated

 No additional mitigation funds required

 Some 2006 CDA funds remain unspent with City/County

Page 112/190 22 Open Public Comment CAMPUS MASTER PLAN 2015-2025 Comments will be formally recorded ADOPTION

Please sign in

Please complete a speaker card

Please use microphone for comments

www.masterplan.ufl.edu Page 113/190 23 Campus Master Plan, 2015-2025 (Draft December 2014) Draft Response to Comments – April 20, 2015

Element & Policy Comment Response

FLORIDA DEPARTMENT OF STATE – DIVISION OF HISTORICAL RESOURCES (RECEIVED 1/13/15 VIA WRITTEN LETTER) Entire Document It is our opinion that historic resource concerns are No response required. adequately addressed in the University of Florida Draft Campus Master Plan. Thank you for the opportunity to review this document.

FLORIDA DEPARTMENT OF TRANSPORTATION (RECEIVED 2/12/15 VIA WRITTEN LETTER ATTACHED IN EMAIL CORRESPONDENCE) Urban Design and Future Land Use Data & Analysis Table 1 (of the reviewer’s letter) shows the land use acreage No modification to Data & Analysis Report. This in 2014 and 2025. Active Recreation-Outdoor is expected to comment draw an incorrect conclusion as to the rationale for decrease by 10 percent while Parking is expected to increase these Future Land Use changes. The proposed change in by the nearly same amount. Parking Future Land Use is primarily due to the university’s decision to retain some existing surface parking lots that had previously been put in other Future Land categories in anticipation of building construction. The change in Active Recreation-Outdoor Future Land Use is attributable primarily to plans to construct enclosed recreation facilities on these properties rather than retain outdoor recreation fields. The Future Land Use designation change locations and details are depicted in the map on page 1-26 of the Urban Design and Future Land Use Data & Analysis Report. Quoted text: “Since the 1995 inventory, two Alachua County Data & Analysis Report modified. The acreages on page 1- satellite properties in the City of Gainesville were added to 27 of the Urban Design and Future Land Use Data & the campus Master Plan jurisdiction and two significant Analysis Report include the 2015 land additions at East properties were added to the University main campus. The Campus and Wall Farm. Text will be added to clarify. two properties added to the main campus were parcel 16252- 000-000 (20.55 acres) on the north rim of Bivens Arm Lake and parcel 06698-000-000 (13.42 acres) west of SW 34th Street.” It is unclear if these parcels were included in the main campus’s 1,955.72-acre total. Quoted text: “The satellite properties added within the City No modification to Data & Analysis Report. The of Gainesville include the East Campus and the Libraries paragraph quoted in the comment goes on to say “These Remote Storage Facility that were amended into the campus properties are contiguous to the remainder of the university Master Plan jurisdiction in 2004. The following properties main campus. Additional information about these main

Page 1 of 20 Page 114/190 Campus Master Plan, 2015-2025 (Draft December 2014) Draft Response to Comments – April 20, 2015 Element & Policy Comment Response will be added to the 2015-2025 Campus Master Plan update: campus properties follows.” These statements should make the East Campus parcels A (approximately 3.70 acres) and B it clear that these parcels are considered part of main campus. (approximately 2.64 acres) and the Wall Farm/Horse Teaching Unit (3.95 acres).” It is unclear if these parcels were included in the satellite property’s 2,821-acre total. Transportation Data & Analysis Annual Average Daily Traffic, Campus The Department verified the counts on the campus perimeter Data & Analysis Report modified. Vehicle counts will be Perimeter Roads, 2000-2013 roads, all of which are state roads. There were no counts added for SR24 from SR121 to SR226 on page 8-4 of the reported for Archer Road (State Road 24) between SW 34th Transportation Data & Analysis Report as requested. Street (State Road 121) to SW 16th Avenue (State Road 226). General Moreover, it appears confusing that transit ridership has Data & Analysis Report modified. Total annual transit been decreasing according to the Master Plan, but it is listed ridership and ridership on City Routes providing access to as a reason for decreasing traffic counts. campus have steadily increased as depicted on page 8-17 of the D&A Report, and it is reasonable to assume some causality with this data and the overall lack of growth in automobile traffic near campus. Important to this understanding is the fact that UF provides significant financial support for both Campus and City Routes (as presented on page 8-16, D&A Report). Campus Routes circulate primarily on university-maintained roads and only provide minimal service for “commuter” type trips from outside of campus. Therefore, any decline in ridership on Campus Routes is primarily an issue of internal campus circulation and does not affect commuter trips on non- campus roads. City Routes, which continue to experience increased ridership, provide primary access to campus from off-campus locations. Figure 8-6 of the Transportation Element depicts the multitude of City and Campus Routes that serve the UF main campus and satellite properties. Additional RTS data will be added to the D&A Report for Ridership Type (UF Faculty and Student on City Routes). Text will be added in the D&A Report listing the City Routes that serve UF properties. This information and explanatory text will make clear the high use of RTS City Routes by UF Faculty and Staff. General The question that remains unanswered is why the University No modification to Data & Analysis Report. As reported provided more parking if the student and employee on page 8-21 of the Transportation Data & Analysis Report, population use transit, walk to campus destinations, or will UF added only a net gain of 285 new parking spaces during

Page 2 of 20 Page 115/190 Campus Master Plan, 2015-2025 (Draft December 2014) Draft Response to Comments – April 20, 2015 Element & Policy Comment Response utilize more off campus resources. Unless the parking spaces 2004-2013. That is a very modest gain and somewhat are these potentially sited as park-n-ride locations. attributable to improved field data verification of existing spaces. Also noteworthy on Page 8-24, UF will experience a net loss of approximately 122 spaces in the 2014-2015 year despite new parking that was constructed during this period at the Park & Ride lot west of SW 34th Street. UF parking is a complex issue balancing the needs of not only UF employees and students, but also museum visitors (e.g. Harn Museum of Art and Florida Museum of Natural History) and patients at the medical facilities included in the campus master plan (e.g. UF Shands Teaching Hospital, Medical Plaza/Davis Cancer Pavilion, Orthopaedics and Sports Medicine Institute, Florida Surgery Center, College of Dentistry clinics). The trend over the past decade has seen a shift in parking location from the campus core to the periphery as depicted in the map on page 8-25 with very little increase in total parking inventory. Crashes by Mode, 2009-2013 The pie chart shows the amount of crashes by mode within Data & Analysis Report modified. The pie chart will be the University. While the list is exhaustive, please note it corrected. does not include pedestrians, which are supposed to be a prominent mode in the University’s transportation system. Roadway Level of Service The Master Plan uses national and state published manuals No modification to Data & Analysis Report. The reported and handbooks that are outdated. For example, the Highway level of service (LOS) analysis is taken directly from the Capacity Manual 2010 (HCM 2010) replaced HCM 2000 Multimodal Transportation Level of Service Report, and 2013 Quality/Level of Service Handbook replaced the September 30, 2013 published by the Metropolitan 2002 version. The most current versions of these manuals Transportation Planning Organization for the Gainesville and handbooks should be used because methodologies Urbanized Area. The methodology description will be change over time. The same is true for the LOSPLAN updated to reference the newer standards which the software. report utilized. Transit Ridership Trends Master Plan shows the Regional Transit System’s annual No modification to Data & Analysis Report. Much of the ridership from 1998 to 2013. Ridership had grown from explanation for these trends is provided under Annual 1998 to 2003, but has been decreasing every year since Average Daily Traffic, #2 above. The university funds both 2004. The reason for this reduction is the corresponding City and Campus Routes that are heavily utilized by decline in on-campus enrollment and employment. university employees and students. Ridership on City Routes Comment: One of the reasons given for the decreasing that provide access to campus and Total Ridership have traffic counts was the high student use of transit ridership. If continuously increased as depicted on page 8-17 of the Data transit ridership has also been decreasing, then additional & Analysis Report. While declining employment and clarification is needed for the reason in decreasing traffic. enrollment were cited as possibly contributing to declines in Campus Route ridership, a more likely factor was a decrease

Page 3 of 20 Page 116/190 Campus Master Plan, 2015-2025 (Draft December 2014) Draft Response to Comments – April 20, 2015 Element & Policy Comment Response in Hours of Operation. Information provided on page 8-18 depicts a reduction in Campus Route Hours of Service that corresponds to the reported reduction in Campus Route ridership. However, route productivity in terms of passengers per hour depicted on pages 8-18 and 8-19 demonstrate that both City and Campus Routes remained stable even as ridership declined on Campus Routes. Parking Facilities and Programs The Master Plan shows the 2015-2025 projected total on- No modification to Data & Analysis Report. The subject campus population is 72,279 and the decal-only parking of this comment is on pages 8-23 through 8-25 of the supply is 21,818. It is unclear why the 2025 acres for Transportation Data & Analysis Report. The policy quoted parking (101.80 acres) is more than 10 percent from the thereon is from the 2005-2015 Campus Master Plan. The 2014 acres (91.29 acres) when 21,818 is less than the 2014- updated Policy 2.5.1 in the 2015-2025 Campus Master Plan 2015 decal-only parking supply of 22,136. The Master Plan indicates a maximum of 1,715 parking spaces to be added does not state if the increase in parking is to remove and during this period, which is the balance of previously replace inadequate parking. authorized but yet unbuilt parking spaces in the Campus Development Agreement. Transportation Element General The Transportation Element contains several policies that No modification to plan policy. For reasons stated above state the University shall cooperate with FDOT, among other related to the Campus Development Agreement, the agencies, to plan and implement multimodal strategies and university will not be incorporating new state road and projections in the updated 2025 Long Range Transportation intersection analysis during this update cycle. The analysis Plan on campus and within the context area. We look conducted for the 2005-2015 CMP correspond to the level of forward to the University coordination with FDOT when growth that is currently anticipated through 2025. Ongoing incorporating state roads and intersections that were not coordination with FDOT occurs primarily through the included in the future traffic analysis and improvements. university’s membership in the MTPO process as described in Policy 1.1.3 of the Transportation Element. Currently several on-campus future roads proposed in the CMP are being tested in the MTPO Needs Plan for its Long Range Transportation Plan. The university has also partnered with the FDOT for construction of a major cross-county bicycle facility through the main campus property, which is currently under construction. These collaborations and the strong partnership with the Gainesville Regional Transit System are evidence of the university’s commitment to interagency cooperation for community transportation improvements as documented in the Transportation Evaluation and Appraisal Report.

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General The University of Florida Campus Master Plan 2015-2025 No modification to plan policy. The primary points raised shows the University’s present and future. UF states its high in the conclusion comment have been addressed in the pedestrian and transit use within its main campus, and the above responses. The following notes are provided as Department supports the use of non-automobile modes and summary clarification for the key issues raised: choice. However, the statements with regards to enrollment, a. The Campus Development Agreement proposed for 2015- transit, available parking do not justify increasing the 2025 will not increase the authorized parking or building parking land use by 10 percent by 2025. It is unclear if the space beyond that already authorized in the 2005-2015 parking will be renovations to existing parking or new Campus Development Agreement. parking. Moreover, state roads have been excluded from b. The 2005-2015 CDA provided significant funding analysis and improvements in both the Master Plan and ($20,325,380) for transportation modifications, including technical transportation reports. as-yet unspent funds for SR24, SR226 and US441. c. The parking plan presented in the 2015-2025 CMP includes some replacement of existing surface parking with structured parking. The amount of land in parking use will be reduced overall from current conditions. Reductions in parking Future Land Use from that presented in the 2005-2015 CMP are the result of decisions to retain some existing parking lots. d. The university provides significant annual funding ($12,425,140 in FY13) to the Gainesville Regional Transit System for operation of the primarily on-campus “Campus Routes” and off-campus “City Routes” serving the campus. Employee and students riders (7,557,959) accounted for 70% of RTS total ridership in 2013. e. The university maintains on-campus roadways. f. Traffic growth on state roads surrounding the university have declined or remained fairly stable over the past thirteen years.

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Transportation Technical Report Note that the Technical Reports are not part of the No. 2: Roadway System Needs Plan, adopted Campus Master Plan and, therefore, are not July 2011 subject to review per Florida Board of Governors Regulation 21.202 which states “Data or summaries thereof which are not part of the adopted campus master plan shall not be subject to the compliance review process.” However, responses to comments are provided as a courtesy and in recognition that portions of these report findings were incorporated into the Data & Analysis Report.

The campus roadway level of service analysis only analyzed No modification to Data & Analysis Report. The roads maintained by the City of Gainesville. FDOT roadways with LOS reported in the Data & Analysis Report publishes annually a level of service report for state roads. are maintained by the University of Florida, not the City of Table 2 shows the Department’s assessment of state roads Gainesville. Analysis was not conducted for local and state according to the Florida State Highway System Level of roadways in the UF Context Area because, for the purposes Service Report 2013. of updating the Campus Development Agreement (CDA), the university will not be requesting any additional building State facilities were not part of the future traffic analysis or square footage or parking authorization that was not already discussion, and improvements were limited to local roads. analyzed, authorized, and mitigated in the CDA for 2005- As presented in Table 2, many of state roads are LOS D, and 2015. This CDA provided $20,325,380 in fair-share payment US 441/W 13th Street from Archer Road to University for transportation impacts. The City of Gainesville and Avenue is LOS F. Alachua County continue to hold unspent funds from this CDA, including funding for modifications on SR24, SR226, and US441 that are still in the design, construction and FDOT permitting phases. The 2005-2015 CDA also incorporated additional payments made prior to 2005 including $2,500,000 in fair-share payment toward SR26 and SR26A modifications. The existing CDA can be viewed online at http://www.facilities.ufl.edu/planning/cmp/cda.php . These issues are discussed in the Intergovernmental Data & Analysis Report. Furthermore, the FDOT’s own AADT counts on state roads surrounding the university demonstrate declining or flat traffic growth over the past thirteen years, which would indicate some level of success in university policies and programs that reduce the impact of university development on roadway LOS. The select zone analysis in Alachua/Gainesville travel No modification to Data & Analysis Report. The demand model used to determine the University’s intersection analysis reported on pages 8-12 through 8-14 contribution to the local roads for the future traffic analysis using select zone analysis for future projections was only

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should be expanded to include state roads. The University conducted for roadways maintained by the University of should work with the Department to determine impacts, find Florida to determine future operating conditions. Off-campus potential improvements or solutions as stated in numerous intersection analysis was not conducted for the same reason policies in the Master Plan. stated above. The needs plan makes the following statement which does No modification to Data & Analysis Report. Page 6 of not support the need to increase parking land use, “The City Technical Report 2 explains that the FDOT growth rate of of Gainesville and the University of Florida expect to 22% was applied to non-campus background trips and that accommodate future transportation demand by provided a this estimate is significantly higher than actual growth rates robust transit system and increasing the non-motorized mode in this area. The growth rate of 5.4% was applied to share.” university related trips on campus roads and roads leading Furthermore, the growth rates raise questions. For instance, into campus consistent with the Gainesville Urbanized Area the projected increase in on-campus traffic between 2007 2035 Long Range Transportation Plan’s to extrapolate to the and 2020 is 5.4 percent, which was applied to existing traffic future year 2020. In this way, the background traffic growth volumes on-campus and roads leading into or out of campus provides a worst-case scenario and actual future traffic to estimate the 2020 future on-campus traffic volumes. For volumes may be lower than projected as the report states. the off-campus 2020 future traffic volumes, the growth rate The 2035 LRTP model includes a unique UF trip type was 22 percent from 2009 to 2020 using FDOT’s standard derived from origin-destination data provided to MTPO staff growth rate of 2 percent per year. The technical report does by the university. Note that this technical report was not state how the traffic was balanced for the Synchro produced to examine roads maintained by the university only. models when some roads would have a 22 percent growth Relevant summaries and conclusions of the report were rate versus 5.2 percent. It also does not include any included in the Transportation Data & Analysis Report. intersection figures with turning movement volumes only the Synchro output.

NORTH CENTRAL FLORIDA REGIONAL PLANNING COUNCIL (RECEIVED 2/27/15 VIA WRITTEN LETTER) Transportation General Regional Plan Transportation Element Policy 5.1.1 states No response required. that within municipalities where local government comprehensive plans contain goals and policies which implement Transportation Planning Best Practices, adverse impacts to the Regional Road Network are adequately mitigated and local government plans and plan amendments are not subject to a Regional Planning Council impact determination to the Regional Road Network. Policy 1.3.1 Of particular note is Transportation Policy 1.3.1, which No response required. states the University will participate with the City of Gainesville, Alachua County the Metropolitan Transportation , Planning Organization for the Gainesville Urbanized Area,

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the Florida Department of Transportation, Santa Fe College and the Gainesville Regional Transit System to examine the feasibility of park and ride facility development and expand transit service. Therefore, adverse impacts to the Regional Road Network as a result of the University Draft Campus Master Plan Update are adequately mitigated General Infrastructure – Stormwater Sub-Element General The University main campus is located within a stream-to- No response required. sink recharge area, a Natural Resource of Regional Significance as identified and mapped in the regional plan. Nevertheless, significant adverse impacts are not anticipated to occur to the natural resource as the University Draft Campus Master Plan Update General Infrastructure Element contains adequate policy direction consistent with the regional plan to mitigate adverse impacts to the natural resource. Intergovernmental Element General The University Draft Campus Master Plan, as amended, No response required. is not anticipated to create significant adverse impacts to adjoin local governments.

FLORIDA FISH AND WILDLIFE CONSERVATION COMMISSION (RECEIVED 3/24/15 VIA WRITTEN LETTER) Conservation Element Introduction The opening paragraph of the Conservation Element (pg 7-1) No modification to plan policy. Introduction updated. explains that the "Soil and Conservation Service (SCS) Soil Survey of Alachua County" was used to help identify conservation areas within the campus boundaries. The agency name should be changed to Natural Resources Conservation Service (NRCS) to reflect the current name of the agency. Policy 1.3.3 Policy 1.3.3 of the Master Plan's Conservation Element Policy modified. directs that the University will use FWC's Wildlife Methodology Guidelines from 1988 when considering alterations to lands where listed species are known or likely to occur. FWC's guidelines have been updated since this policy was originally written. It is recommended that the policy be updated by replacing the reference to the outdated

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guidelines with a reference to the Florida Wildlife Conservation Guide at http://fwcg.myfwc.com/index files/800x600/index.html. The Guide provides basic information on how to conserve the broad array of wildlife species listed above as Potentially Affected Fish and Wildlife Resources. Policy 1.1.1 Policy 1.1.1 of the Conservation Element cites four sources Policy modified. of information for identifying invasive non-native species. These include "the Department of Environmental Protection's 'Prohibited Aquatic Plant List' (Rule 62C- 52.011)" and "the Florida Exotic Pest Plant Council's 'Florida's Most Invasive Species List'." These citations should be updated to reflect current information. Responsibility for maintaining the Prohibited Aquatic Plant List has been transferred to the Florida Department of Agriculture and Consumer Services and the relevant rule is now Chapter SB-64.011, Florida Administrative Code (F.A.C.). The Florida Exotic Pest Plant Council's official list of invasive species is entitled the List of Invasive Plant Species and the most current version of the list is posted at http://www. fl ppc.org/lisUFLEPPCPlantList20 13- PRINT ABLEwithlinkstoCAIPpages.pdf. These corrections should also be applied to the relevant section of the Conservation Element's Data and Analysis report (pg 7-11). Policy 1.3.1 Conservation Element commits to protecting imperiled Policy modified. species as specified in Chapter 372, F.S., and Chapter 39, F.A.C. These citations should be changed to Chapter 379, F.S., and Chapter 68A, F.A.C., respectively, to reflect amendments made to the Florida Statutes and Florida Administrative Code since the policy was originally written. Although the policy specifies both imperiled plant and animal species will be protected in accordance with state law, the citations above are all specific to the protection of imperiled animal species. The relevant citations for the protection of imperiled plant species are Chapter 581 , F.S., and Chapter 5B-40, F.A.C. Recreation and Open Space Element The Master Plan's only reference to the occurrence of Policy modified. Policy 1.2.6 of the Recreation and Open bald eagle nests on the campus properties is contained in Space Element as updated in this draft plan states: “The Policy 1.2.6 of the Recreation and Open Space Element, Department of Recreational Sports shall coordinate with the

Page 9 of 20 Page 122/190 Campus Master Plan, 2015-2025 (Draft December 2014) Draft Response to Comments – April 20, 2015 which directs that the University will coordinate with appropriate federal, state and local governmental agencies as appropriate agencies to "monitor the success of the well as related academic departments to monitor the success existing eagles nest at Lake Wauberg South". The Master of the eagles’ nests at Lake Wauburg South when present.” Plan's Evaluation and Appraisal Report (EAR) notes that the nest at this location (#AL071) was destroyed when the The word “South” will be struck to apply the policy to all nest tree was blown over by a storm and directs that the of the Lake Wauburg property. policy be rewritten to provide general guidance for the protection of any eagle nests located on campus property. Conservation Element, Policy 1.3.2 provides protection of It should be noted that at least two other nests on campus threatened and endangered species and species of special concern prior to any physical changes to the campus. This property were active during recent years, but not policy reads: “During the initial planning phase of any mentioned in the Master Plan. FWC staff recommends that physical changes to the campus, the University shall perform the eagle nests located on campus property and general an analysis of wildlife and plants in the area to be affected. guidance for the protection of the nests be addressed in the All plants (Chapter 5B-40, F.A.C.) and animals (Rule Conservation Element section of the Master Plan. This Chapter 68A-27 F.A.C.) identified as threatened and section should include an inventory of eagle nests and endangered species and species of special concern by Federal require all eagle nests located on campus property to be and State agencies shall be noted. Protection plans for these protected in accordance with FWC guidelines contained in listed species, if documented on site, shall be formulated that the FWC Bald Eagle Management Plan are consistent with those of the appropriate local, state and (http://myfwc.com/media/427567/Eagle Plan April federal agencies.” 2008.pdD.

The university utilizes the FWC…. General - Austin Cary Forest The Austin Cary Forest unit of the campus is located No modification to plan policy. Policies contained in the within secondary range of the Florida black bear. Conservation Element under Objective 1.3 provide guidance Secondary range provides sufficient food, water, and with regard to all threatened and endangered species and cover to support bears but lacks the evidence of consistent species of special concern. reproduction that distinguishes primary range. Recent records of bear mortality and nuisance reports within and around the property confirm the occurrence of bears at Austin Cary. Although the Florida black bear was delisted in June 2012, the FWC developed a black bear management plan to provide guidance that would lead to further improvement in the conservation status of the species. While black bears tend to avoid interactions with humans, they are an adaptable species that will often exploit human-provided food sources. Once a bear becomes habituated to humans through such interactions, their natural wariness is reduced and they may become a threat to public safety or private property. There are

Page 10 of 20 Page 123/190 Campus Master Plan, 2015-2025 (Draft December 2014) Draft Response to Comments – April 20, 2015 measures that could be taken to reduce the potential for bear-human conflicts at Austin Cary, including: • Following best management practices during construction, land development, or forestry related activities, • Requiring clean work sites with wildlife-resistant containers for workers to use for disposal of refuse that could attract bears, • Requiring frequent trash removal and the use of proper food storage and removal practices on work sites, and • Conducting regular site inspections and rewarding site managers that keep a bearsmart worksite. • Proactively deterring potential negative human-bear interactions by providing residents and employees with informational materials regarding bears and promoting successful coexistence with them in potential habitat areas. This information should include deterrent measures, such as: o Using bear-resistant garbage containers, o Placing garbage on the curb the morning of pick-up, o Removing wildlife feeders, o Installing electrified fencing around apiaries and other bear attractants, o Securing pet food, and o Cleaning and securing barbeque grills. • Landscaping designs should focus on removing thick vegetation close to areas that people use such as parking lots. Fencing can also deter wildlife movement into an area if there are no food sources or other attractants within the fenced area. • Additional information about Florida black bears can be found on our website at: http://www.myfwc.com/wildlifehabitats/managed/bear/. General - Santa Fe River Ranch Oval pigtoe - The occurrence of the oval pigtoe in the Santa No modification to plan policy. Policies contained in the Fe River merits special mention based on the University's Conservation Element under Objective 1.3 provide guidance use of the Santa Fe River Ranch property to conduct with regard to all threatened and endangered species and research on cattle management adjacent to riverine systems. species of special concern. Siltation and cattle grazing are primary threats to the oval pigtoe. The University may wish to coordinate with the USFWS to ensure that research activities conducted on the

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property are compatible with conservation of this endangered species. The USFWS North Florida Ecological Services Office can be contacted at (904) 731-3336. General We appreciate the opportunity to provide input on the No response required. Master Plan. The content of the draft demonstrates a clear commitment by the University to conserve and protect the wildlife resources and habitat values of the campus properties.

ALACHUA COUNTY (RECEIVED 3/26/15 VIA WRITTEN LETTER) General Staff has reviewed the updated draft UF CMP and found that No response required. it is not in conflict with the Alachua County Comprehensive Plan. Thank you for the productive collaboration with Alachua County and the City of Gainesville on this update, including updating the Context Area map and developing the new Intergovernmental Coordination Policy 1.2.2 relating to the Campus Development Agreement (CDA).

FLORIDA DEPARTMENT OF ECONOMIC OPPORTUNITY (RECEIVED 3/27/15 VIA WRITTEN LETTER) Future Land Use Element Table 2-2 The Future Land Use Element Table 2-2 shows the land No modification to table. All figures in the Future Land acreages in 2014 and 2025. Active Recreation-Outdoor is Use Element include these properties in the main campus. expected to decrease by 10 percent while Parking is Additionally, the paragraph surrounding this table in the Data expected to increase by nearly the same amount. Since the and Analysis Report states: “These properties are contiguous 1995 inventory, two Alachua County satellite properties in to the remainder of the university main campus. Additional the City of Gainesville were added to the Campus Master information about these main campus properties follows.” Plan jurisdiction and two significant properties were added These statements should make it clear that these parcels are to the University main campus. The two properties added to considered part of main campus and are included in the total. the main campus included parcel #16252-000-000 (20.55 acres) on the north rim of Bivens Arm Lake and parcel #06698-000-000 (13.42 acres) west of S.W. Street. It is unclear if these parcels were included in the main campus's 1,955.72 acre total. Therefore, Table 2-2 should be revised to show the inclusion of the two identified parcels to the main campus.

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Urban Design and Future Land Use Data & Analysis Page 1-27 The satellite properties added within the City of Data & Analysis Report modified. Satellite property Gainesville include the East Campus and the Libraries acreages are presented on page 1-27 of the Urban Design and Remote Storage Facility that were amended into the Future Land Use Data & Analysis Report. The East Campus Campus Master Plan jurisdiction in 2004. Also, the and Wall Farm/Horse Teaching Unit are Alachua County following properties will be added to the 2015·2025 Satellite Properties not part of the main campus. The site Campus Master Plan update: the East Campus parcels A acreage totals presented in the Data & Analysis report (approximately 3.70 acres) and B (2.64 acres) and the Wall include the 2015 land additions at East Campus and Wall Farm/House Teaching Unit (approximately 3.95 acres). It is Farm. Text will be added to clarify. Total acreage of all unclear if these parcels were included in the satellite the Alachua County Satellite Properties included in the property's 2,821 acre total. Therefore, the Campus Master campus master plan is 6,176 acres, not 2,821 acres. Plan update should be amended to reflect a deletion of the three parcels from the satellite property's acreage total to an addition to the main campus's acreage total.

CITY OF GAINESVILLE (NO RESPONSE RECEIVED) Certified Mail Receipt dated 12-24-2014. Status inquiry email correspondence in April 2015.

ST. JOHNS RIVER WATER MANAGEMENT DISTRICT (NO RESPONSE RECEIVED) Certified Mail Receipt dated 12-30-2014 .

SUWANNEE RIVER WATER MANAGEMENT DISTRICT (NO RESPONSE RECEIVED) Certified Mail Receipt not returned. Status inquiry email correspondence of 03-20-15 confirmed receipt.

FLORIDA DEPARTMENT OF ENVIRONMENTAL PROTECTION O ESPONSE ECEIVED (N R R ) Certified Mail Receipt confirmed delivery, no date

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PUBLIC COMMENT: DR. Charlie Mitchell (RECEIVED 3/15/15, ELECTRONIC MESSAGE -EMAIL) Transportation Data & Analysis I have some comments concerning the master plan No modification to plan documents. Report and Element documents available on the web. I'm a faculty member who • I believe the orange parking lot you are referring to is works long hours in McGuire Pavilion and must often must either the Frazier-Rogers Lot on the SE corner of stay on campus as long as 10pm. I purchase an orange Museum/Center or the Benton Lot on the SW corner of that parking pass every semester which I used to think was going intersection. The future building identified for the SE to be a convenience. That lot is now always filled and I corner is the CLAS Life Sciences (page 13-17 of the understand it will be razed for a new building. The parking Capital Improvements Element). As shown in that table, garage at Museum and Newell is also no longer attainable this project is anticipated in 2019. The project is currently unless I show up four hours earlier than needed. I now have priority #7 on the university’s PECO list for requested state to park in the upper levels of the O-dome garage, a half a funding. Given that priority and the recent lack of state mile from my office, longer if I go directly to my classroom. construction funding, 2019 is a very optimistic date. I was very surprised from your documentation that 15 Currently, that lot is funded for an expansion to add about minutes of walking was considered an appropriate distance 70 parking spaces in the next few months at the location for employees. I find that estimate excessive and unfair, where the greenhouses were recently removed. The lot on especially since parking must be purchased for any workers the SW corner is shown as a future building site, but there who live far from campus. There are environmental concerns are no currently anticipated projects in the 2025 time as well. If you look for parking, you can burn twenty horizon shown in the CMP. minutes of gasoline in morning traffic. Multiply that number • I believe your comment regarding the 15-minute walk by 40 or so cars scrambling and hunting for parking each distance is in reference to the analysis beginning on page 1- morning and you certainly affect the carbon footprint of this 12 of the Urban Design/Future Land Use Data and campus. Analysis Report. As stated in this report, the 15-minute distance is an operational guideline and is not reflected in Unless I'm missing something, I also see no concrete plans CMP policy. It is used in this document for analysis to build any parking structure to alleviate this problem. As purposes along with a 5-minute walk distance. The text in new buildings are created, there seems to be no plan to this section goes on to explain why the 15-minute distance address the overflow. I noticed plans are being studied to is not the only guiding principle for evaluating parking privatize parking, an outcome I can't imagine would benefit location and deficit. However, the university acknowledges UF employees. There is an impression, common among my that it is impossible to accommodate all people coming to colleagues, that UF either doesn't want to address the campus with front-door parking at their destination. In this problem or plans to push faculty to the edges of the campus regard, the university must operate more like a big city and hopes to do so gradually to minimize massive downtown with reasonable parking accommodations for a objections. We just want to do our jobs without the ongoing variety of customer groups. stress of getting to them. • Figure 8-7 of the Transportation Element identifies locations for future parking garages including 3 Priority Alternate Locations for the 10-year horizon and 10 Parking Garage Future Opportunity Sites which may be considered for additional garages. The 3 priority locations would serve

Page 14 of 20 Page 127/190 Campus Master Plan, 2015-2025 (Draft December 2014) Draft Response to Comments – April 20, 2015

your area in the northeast area of campus. The table on page 13-23 of the Capital Improvements Element identifies a new garage to be open by 2019. The project description in the table explains that additional traffic and feasibility studies need to be conducted to confirm locations. Those studies are currently underway, and the university’s Parking and Transportation Advisory Committee are being kept informed of progress toward new garage construction. • The issue of parking privatization is not addressed in the campus master plan. This concept was initiated by the UF Board of Trustees and studied through its Finance and Facilities Committee.

PUBLIC COMMENT: MR. MIKE ESCALANTE (RECEIVED 12/16/14, DOCUMENTED IN PUBLIC HEARING TRANSCRIPTS) Transportation I represent an agency but I'm just speaking for myself No modification to plan documents. Question about Radio tonight. I didn't see a study for Radio Road extension. Road and, no, we have not done a study. What he's referring to is in our last Campus Master Plan we had a recommendation for several new roads. I mentioned the extension of 23rd Terrace that would come up from Archer Road to Hull Road. We also had a recommendation for an extension of Radio Road that would essentially wrap behind this area of clinics and come out and connect to Hull Road, kind of where we are now, and the portion of Hull Road that has now been extended that goes beyond the campus boundary and comes out on SW 20th Avenue. We have only done a corridor alignment study for the SW 23rd Terrace. Radio Road is quite a bit further out in the horizon as far as we can tell and we have not allocated any funds to study that one in any more detail. General Also, from my previous experience with this process, if you No modification to plan documents. The question about could explain or address a little bit about establishment of standing is, that kind of gets back to what I was talking about standing should there be an issue of challenge to come forth. with going on the record and receiving notification of the next public hearing. So, by filling out the card and making formal comments either tonight or in writing, you do achieve what's called “standing”. If you wanted to petition against our Campus Master Plan adoption when the June timeline comes, it's a legal standing to file a petition against our Campus Master Plan. And the details of that process are really in the statute, but it's a fairly formal process, so by getting involved

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now and getting on the record, that's how you ensure that ability to protest the plan later. Intergovernmental I didn't realize that the CDA funding source was eliminated, No response required. and I'll offer this as a concern for local communities who may think that universities. I'm speaking for around the state don't have a funding, a reliable funding source to mitigate their impacts and are at the mercy of the legislature and the governor. Intergovernmental The context area seemed to be only for the main campus and No modification to plan documents. That is correct. We with no regard to the east campus or its employees and/or are not required to provide a context area for any of the students. satellite properties. Transportation and Parking I made observations and it seems to be there's a building for No modification to plan documents. Actually, yes, our people and/or a surface parking lot or a parking structure, policies do encourage mixed use parking garages, either but I see no direction towards maybe having some type of vertically mixed use or with a liner building. And in this plan combination. And I speak to the area where there's a update we're actually making some minor changes to the building going in now across from the Swamp Restaurant parking future land use (definition) that further enables those where it looks like a building could have gone in over maybe kinds of mixed uses on the parking future land use. With our two decks of parking, and I'm sure a lot of professors and last parking garage we actually have a liner building. That staff would have been thrilled about such a thing. Is there was the one that was constructed at Gale Lemerand and any idea of having policies in the future rather than an issue Mowry. We have a liner building that includes our of parking or building, or whatever, is that you can have transportation parking services offices in the front in a two- both in the same structure. story structure. And as we're looking at the next parking garages we are having conversations about how it might be vertically mixed use with some ground floor other uses or a liner building. Sometimes for us it comes down to a dilemma of the funding sources. Our parking facilities are not state-funded. Transportation and Parking Services is an auxiliary and so they have their own revenues and ability to bond. So, it's a little difficulty sometimes to mix those funding sources with other funding sources that might construct other uses. But that's something we are looking at and we think at the very least we would like to have the liner building concept if we can't get something that's vertically mixed use. The site that you mentioned is the site of our Chemistry Building that's currently under construction and is in the historic district. We looked at some scenarios where there might be some ground floor parking but it just was not going to work for that building in that location.

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PUBLIC COMMENT: MS. KATHLEEN PAGAN (RECEIVED 12/16/14, DOCUMENTED IN PUBLIC HEARING TRANSCRIPTS) Intergovernmental My name is Kathleen Pagan. I am a land use planner for the No modification to plan documents. The changes to the county and I'm here just as a citizen. You said that the context area were analyzed primarily based on where Koppers area was removed from the Context Area. It also students and employees were living, and we went through a looked like the area near Santa Fe College on University lot of analysis and coordination with the City of Gainesville maybe was removed, or was that Eighth Avenue? I realize and Alachua County to arrive at this particular map. There is Koppers is not in the proximity to the university, but if it an entire report on the website of the context area analysis was previously considered in the context, is there is any that describes the trends that we saw, but essentially it was rationale you can tell me for why it would be removed? that there really are not a lot of university employees or students living in that part of the city, and apparently ten years ago there were more but there are fewer now. In general, what we see when we look at that data, and particularly the student data, is a lot of students moving away from the outer portions of the community and really concentrating along the13th Street corridor. If you remember the map about the housing multifamily permits that the city has extended (in the presentation), you really see that pattern in that map as well, and that was borne out by our analysis of residential locations as well. So, the areas that are coming out of the Context Area are ones that we just did not see that pattern of residents who were in one way or another affiliated with the university. (Erik Lewis addressed the actual boundaries near Koppers.) Transportation I know you're developing the concurrency trust funding. You No modification to plan documents. The transportation don't really know how that's going to impact transit, but do data and analysis does look at transit, as well as parking and you have studies of increasing transit in conjunction with the bicycling and walking. One of the changes that we made with parking analysis or are you just assuming that the transit the 2006 Campus Development Agreement is that the funds ridership ratios are going to remain constant? that went to RTS were for capital equipment only and they are not relying on Campus Development Agreement funds for operational expenses. So, the university support that's coming for operational expenses comes from the student transportation access fee and from administrative funds that are primarily derived from our employees and student parking decal program. So, I don't really see there being an impact to RTS, at least in terms of they are not losing operating funds.

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PUBLIC COMMENT: MR. CHUCK WOODS (RECEIVED 12/16/14, DOCUMENTED IN PUBLIC HEARING TRANSCRIPTS) Transportation The Archer Road reconfiguration in front of the Med Center, No modification to plan documents. The Archer Road I've heard different plans being developed, including project is one of the projects that was funded out of our 2006 eliminating the slip lane off of 13th Street onto Archer Road Campus Development Agreement, so it was about a little and building a regular intersection, a signalized intersection over $8 million that was provided to the City of Gainesville there at 13th Street and reducing the speed limit to 20 miles to make modifications on portions of SW 16th Ave. and an hour and all of that since that will become essentially part Archer Rd. essentially between the western point where those of the campus, and I'm just wondering if you could go over roads diverge and SW 13th Street. And the city is continuing those details a little bit. to implement and spend that money. The work that was completed recently on SW 16th Ave, which was a resurfacing and removing the parking and providing bike lanes, and the reconstruction work at SW 13th St. and SW 16th Avenue providing additional turn lanes, those were all funded through that Campus Development Agreement. They're also making some improvements at the western terminus of the project where Archer Rd. and SW 16th Ave. come together. Early on in the conceptualizing of this project there was an idea that some of Archer Rd. might have lane reductions and that there might be some modifications to that cut-through road that goes by the garage and connects SW 16th Ave. to Archer Road, but fairly early on in the design and analysis phase of those projects, that concept was dropped away. The concept that's moving forward for the Archer Road project maintains the four lanes and makes some modifications to the median. It provides bike lanes, it upgrades the street lighting, which in some sections of that road does not have any street lighting, and it makes some other pedestrian improvements. And on the eastern terminus at SW 13th Street, it will take out that sweeping southbound right turn lane and require motorists to come to a more of a regular intersection and take their right on a green right or right on red. And that is an area where there are a lot of conflicts with the bicyclists and the cars that can make that right turn at a fairly high rate of speed. So, that's part of that project. That project is at about 90 percent design and I believe the city will soon be sending it to the Department of Transportation for permitting. That is still a state-maintained road. Archer Road and SW 16th Avenue are state roads, so they had to be permitted by the DOT. Per the

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most recent record of DOT's reviews, they will be reducing the speed limit to 20 miles per hour on Archer Road in that segment and also providing a signalized pedestrian mid-block crossing between our garages on the south side of the road and the Medical Plaza that's on the north side of the road at Gale Lemerand. So, those are the parameters of that project that will probably be under construction starting about a year from now. Utilities Does the Master Plan call for having all of the utilities – No modification to plan documents. The Master Plan essentially all of the utilities on campus underground? And recommends at least new installations (underground) and I'm speaking specifically to this area out here near the where we can, retrofitting, correcting and getting the utilities Cultural Plaza and this intersection here that will eventually underground. As far as these lines here, these are high- become I guess, what, the Grand Western entrance to the voltage transmission lines and I think pretty much everyone campus off of SW 34th Street. But are there any plans to get on campus would agree with you that it's an eyesore, but the rid of this horrendous overhead utility situation out here at last time we looked at it had about a $10 million price tag. the intersection of Hull Road and SW 34th Street? And we looked at some scenarios of possibly moving some of it, realigning it to where you wouldn't see it, but that has some issues, too. So, no, at this time we don't have any plans to get that underground but it is something that gets talked about. It's just a difficult problem to solve. Off-campus Property I'm just wondering what the update is on the property there No modification to plan documents. The Kangaroo and the where the Kangaroo Gas Station is at the intersection of vacant lot that used to be a fraternity house are owned by the University and SW13th Street. All of that apparently is University of Florida Foundation. At this point in time there owned by the university and I was wondering if there are are no firm plans. That is not property that's covered in the any plans for mixed use property there perhaps with parking. Campus Master Plan. And the university just hired a director of real estate in September, so I think once he gets his feet on the ground, those are the kinds of questions that gentleman will begin to explore. Transportation/ Parking The other question is the reconfiguration of the main No modification to plan documents. This is the 2nd Avenue entrance on SW 13th Street going into the campus. I entrance. We do have in our Campus Master Plan some understand that may be realigned to include a more graceful reflection of that concept. You'll see it in some of the lists of turn there and greening up that area where the parking is. needed projects in the transportation element and some of the changes we've made in the future land use. I mentioned that we had formerly talked about a building that would be on the remainder of that parking lot that's south of the Hough Hall that was constructed a couple years ago. That was the original thought of what would happen there, and we've since backed off of that. And in this plan update we're showing that as remaining in parking and it could become part of that road realignment with some reconfiguration of parking.

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Urban Design What about the Plaza the Plaza there by the library, both No modification to plan documents. We hired a landscape sides of that, redoing those little streets that are on the east architect who has prepared some concept redevelopment and west sides of the Plaza there by the library. plans for how that open space would work, including the two side streets. That will be one of the images in our urban design element and his full study and series of renderings are on the Master Plan website under the technical reports.

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UNIVERSITY OF FLORIDA BOARD OF TRUSTEES COMMITTEE ON FINANCE AND FACILITIES COMMITTEE ACTION ITEM FF7 JUNE 4, 2015

SUBJECT: Approval of Campus Development Agreement for 2015-2025

BACKGROUND INFORMATION Because of the unique relationship between the state universities and the local governments in which they are situated, the Florida Legislature determined in the early 1990’s that state universities should follow a master plan process for campus planning and concurrency requirements instead of the traditional growth management laws followed in and by local communities. By law, university master plans and associated campus development agreements must be updated at least every five years. The current Campus Development Agreement (CDA) with the City of Gainesville and Alachua County expires on December 31, 2015.

This Board is being asked to adopt the Campus Master Plan for 2015-2025 at its hearing on June 4, 2015. In anticipation of this action, the University, the City of Gainesville and Alachua County, have been in negotiations for a CDA and these negotiations are on-going. As required by law, the CDA must identify the impact that University development described in the campus master plan will have on public facilities and services including roads, sanitary sewer, solid waste, storm water run-off, potable water, parks and recreation, and public transportation. The law also provides that certain public facilities and services, including fire/emergency rescue, may be addressed in the CDA. Furthermore, the agreement establishes the University’s fair share cost of improvements necessary to address the impacts.

A draft of the CDA for 2015-2025 is provided for board review. The proposed CDA contemplates extending the balance of building square footage and parking spaces authorized in the current CDA that are as yet unbuilt. The structure of the CDA follows a format of; 1. Outlining the public facilities and services considered in the CDA; 2. Identifying the level of service requirements set by the host local governments for those facilities and services; 3. Identifying existing financial arrangements for the university’s use of those facilities and services including payments made in previous CDAs; 4. Identifying the anticipated impacts of proposed campus development on those facilities and services;

Page 134/190 5. Identifying improvements required to maintain the level of service and mitigate impacts of proposed campus development on those facilities and services; and 6. Providing financial assurances from the UFBOT for its fair share cost of these improvements to be made by the host local government.

The proposed CDA for 2015-2025 includes only development levels that were previously authorized and mitigated in the CDA for 2005-2015. Therefore, the UF Board of Trustees’ obligation relating to its fair share of the costs pertaining to identified deficiencies is wholly fulfilled and no further financial commitments need to be assured by the UF Board of Trustees at this time.

PROPOSED COMMITTEE ACTION

The Committee on Finance and Facilities is asked to approve for recommendation to the Board of Trustees for its approval at the public hearing on the Campus Master Plan, the University’s entering into a final campus development agreement and authorization of President W. Kent Fuchs or, as his designee, Dr. Charles E. Lane, Senior Vice President and Chief Operating Officer, to negotiate, approve the terms, and execute a final agreement and to take all ancillary actions deemed by him to be in the best interests of the University in connection with the final agreement.

SIGNIFICANT POLICY ISSUES FOR COMMITTEE TO CONSIDER

None. Board of Governors approval is not required.

Supporting Documentation Included: See Appendix.

Submitted by: Curtis A. Reynolds, Vice President for Business Affairs

Page 135/190 CAMPUS DEVELOPMENT AGREEMENT BETWEEN THE UNIVERSITY OF FLORIDA BOARD OF TRUSTEES, CITY OF GAINESVILLE, AND ALACHUA COUNTY

THIS CAMPUS DEVELOPMENT AGREEMENT (“Agreement”) is made and entered into this ______day of ______, 2015, by and between the UNIVERSITY OF FLORIDA BOARD OF TRUSTEES (hereinafter referred to as the “UFBOT”, “University” and/or “UF”), a public body corporate of the State of Florida, the CITY OF GAINESVILLE (herein referred to as the “CITY”), a municipal corporation of the State of Florida, and ALACHUA COUNTY (hereinafter referred to as the “COUNTY”), a charter county and political subdivision of the State of Florida.

WITNESSETH:

WHEREAS, the campus of the University of Florida is considered to be a vital public facility which provides research and educational benefits of statewide and national importance, and which further provides substantial educational, economic, and cultural benefits to the City of Gainesville and Alachua County; and

WHEREAS, in recognition of this unique relationship between campuses of the State University System and the local governments in which universities are located, the Florida Legislature has established special provisions for campus planning and concurrency in Section 1013.30, Florida Statutes, which supersede the requirements of Part II of Chapter 163, Florida Statutes, except when stated otherwise; and

WHEREAS, there is currently a University campus master plan for the years 2005-2015 and an associated campus development agreement in effect through 2015; and

WHEREAS, the UFBOT has prepared and adopted an updated campus master plan for the years 2015-2025 for the main University campus and Alachua County Satellite Properties, as defined in the campus master plan, in compliance with the requirements set forth in Section 1013.30, Florida Statutes; and

WHEREAS, the five-year update of the University of Florida campus master plan was adopted by the UFBOT on June 5, 2015; and

WHEREAS, a new campus development agreement based upon the updated master plan for the years 2015-2025 is required; and

WHEREAS, the main UF campus is located within the CITY limits, a portion of the boundary of the main UF campus is contiguous to the COUNTY’s unincorporated area, and UF has several additional facilities within the COUNTY’s unincorporated area which are used for University purposes; and

WHEREAS, in view of the size of the main UF campus, its location within the CITY, and its proximity to the COUNTY’s unincorporated area, development on the main UF campus may have certain impacts on public facilities and services provided by the CITY and COUNTY; and

WHEREAS, based upon the stipulated settlement agreement between the Florida Board of Regents/UF and the COUNTY to resolve issues identified in the County’s petition challenging

Page 1 of 31 Page 136/190 the 1995-2005 campus master plan, the parties to this Agreement recognize the COUNTY as a signatory party to this Agreement, with all the rights, restrictions, and obligations that are provided in Section 1013.30, Florida Statutes; and

WHEREAS, this Agreement shall determine the impact of proposed campus development reasonably expected over the term of the Agreement on public facilities and services, including roads, sanitary sewer, solid waste, drainage/stormwater management, potable water, parks and recreation, public transportation, and fire and emergency rescue facilities; and

WHEREAS, this Agreement shall identify any deficiencies in public facilities and services which the proposed campus development will create or to which it will contribute; and

WHEREAS, this Agreement shall identify all improvements to facilities or services which are necessary to eliminate these deficiencies; and

WHEREAS, this Agreement shall identify the UFBOT’s “fair share” of the cost of all improvements to facilities or services which are necessary to eliminate these deficiencies; and

WHEREAS, UFBOT has previously made certain payments to the CITY and the COUNTY, as specified in Section 9 hereof, to wholly fulfill UFBOT’s obligation relating to its “fair share” of the costs pertaining to said deficiencies.

NOW, THEREFORE, in consideration of the covenants contained herein and the performance thereof, and pursuant to Section 1013.30, Florida Statutes, the parties do hereby agree as follows:

1.0 RECITATIONS

The foregoing recitals are true and correct and are incorporated herein by reference.

2.0 DEFINITIONS

2.1 The term “aggrieved or adversely affected person” means any person or local government which will suffer an adverse effect to an interest protected or furthered by the local government comprehensive plan, including interests related to health and safety, police and fire protection service systems, densities or intensities of development, transportation facilities, health care facilities, equipment or services, or environmental or natural resources. The alleged adverse interest may be shared in common with other members of the community at large, but shall exceed in degree the general interest in community good shared by all persons.

2.2 The term “campus master plan” means the University of Florida Campus Master Plan for 2015-2025, which was prepared and adopted consistent with the requirements of Section 1013.30, Florida Statutes.

2.3 The term “comprehensive plan” means a plan that meets the requirements of Subsection 163.3177 and 163.3178, Florida Statutes.

2.4 The term “concurrency” means that public facilities and services needed to support development are available when the impacts of such development occur.

Page 2 of 31 Page 137/190 2.5 The term “development” means the carrying out of any building activity or mining operation, the making of any material change in the use or appearance of any structure or land, or the dividing of land into three or more parcels.

2.6 The term “public facilities and services” means transportation systems or facilities, sewer systems or facilities, solid waste systems or facilities, stormwater management systems or facilities, potable water systems or facilities, educational systems or facilities, parks and recreation systems and facilities, and public health systems and facilities.

2.7 The term “state land planning agency” means the Department of Economic Opportunity.

3.0 INTENT AND PURPOSE

This Agreement is intended to implement the requirements of concurrency contained in Section 1013.30, Florida Statutes. It is the intent of the UFBOT, CITY and COUNTY to ensure that adequate potable water, sanitary sewer, solid waste, stormwater management, parks and recreation, roads, public transportation, fire and emergency facilities and services are available for new development consistent with the level of service standards for these facilities as adopted in the City’s and County’s comprehensive plans.

4.0 GENERAL CONDITIONS

4.1 The conditions, terms, restrictions and other requirements of this Agreement shall be legally binding and adhered to by the UFBOT and the CITY and COUNTY.

4.2 The UFBOT represents that it has full power and authority to enter into and perform this Agreement in accordance with its terms and conditions without the consent or approval of any third parties, and this Agreement constitutes a valid, binding and enforceable Agreement of the UFBOT.

4.3 The CITY represents that it has full power and authority to enter into and perform this Agreement in accordance with its terms. Further, the CITY represents that this Agreement has been duly authorized by the CITY and constitutes a valid, binding and enforceable contract of the CITY having been approved by the CITY and having been the subject of one or more duly noticed public hearings as required by Section 1013.30 Florida Statutes; and does not violate any other Agreement to which the CITY is a party, the Constitution of the State of Florida, or any Charter, ordinance, judgment or other requirement of law to which the CITY is subject.

4.4 The COUNTY represents that it has full power and authority to enter into and perform this Agreement in accordance with its terms. Further, the COUNTY represents that this Agreement has been duly authorized by the COUNTY and constitutes a valid, binding and enforceable contract of the COUNTY having been approved by the COUNTY and having been the subject of one or more duly noticed public hearings as required by Section 1013.30 Florida Statutes; and does not violate any other Agreement to which the COUNTY is a part, the Constitution of the State of Florida, or any charter, ordinance, judgment or other requirement of law to which the COUNTY is subject.

4.5 State and regional environmental program requirements shall remain applicable, except that all other sections of Part II of Chapter 163 and Section 380.06, Florida Statutes, are superseded as expressly provided in Section 1013.30, Florida Statutes.

Page 3 of 31 Page 138/190

4.6 Except as specifically referenced herein, no development permits, development orders, or development approval shall be required from the CITY or COUNTY for construction projects subject to this Agreement, as identified in Exhibit A.

4.7 In the event that all or a portion of a project identified in the campus master plan should be damaged or destroyed by a fire, storm, or other casualty, the UFBOT shall have the right to rebuild, and/or repair the structures, and the performance of any obligations in this Agreement directly attributable thereto shall be automatically extended during such re-building, alteration and/or period.

4.8 This Agreement incorporates and includes all prior negotiations, correspondence, conversations, agreements or understandings applicable to the matters contained herein and the parties agree that there are no commitments, agreements or understandings concerning the subject matter of this Agreement that are not contained in or incorporated into this Agreement. Accordingly, it is agreed that no deviation from the terms hereof shall be predicated upon any prior representations or agreements, whether oral or written.

4.9 Upon execution of this Agreement, all campus development identified in Exhibit “A”, which summarizes projects identified in the adopted UF campus master plan, may proceed without further review by the CITY or COUNTY if it is consistent with the terms of this Agreement and the adopted UF campus master plan. The sole exception to this provision is traffic engineering studies for proposed parking (surface or structured) facilities that result in greater than 300 net new parking spaces, the results of which shall be provided to the CITY and COUNTY for review and comment.

4.10 If any part of this Agreement is contrary to, prohibited by, or deemed invalid under any applicable law or regulation, such provisions shall be inapplicable and deemed omitted to the extent so contrary, prohibited or invalid. The remainder of this Agreement hereof shall not be invalidated thereby and shall be given full force and effect.

4.11 It shall be expressly clear and understood that the principles to guide the use, location and timing of development identified in Exhibit “A” shall be those established in the UF campus master plan, and not in this Agreement.

4.12 This Agreement may be executed in multiple counterparts, each of which shall be regarded for all purposes as an original; and all such counterparts shall constitute but one and the same instrument.

5.0 DURATION OF AGREEMENT

This Agreement shall become effective upon execution by all parties and shall remain in effect through December 31, 2025, unless extended by the mutual consent of the UFBOT and the CITY and COUNTY, or amended, in accordance with Section 15.0 of this Agreement. Upon becoming effective, this Agreement shall supersede and replace the Campus Development Agreement entered into on August 2, 2006. It is recognized that the UFBOT agreed to fund certain public facilities and services improvements under such prior Campus Development Agreement during fiscal years 2011-2015, as described in Section 9 hereof, to address the UFBOT's impacts identified thereunder. UFBOT, CITY, and COUNTY acknowledge and agree that these funds have been transferred to the CITY and COUNTY, as detailed in Section 9 hereof, so that there are no remaining UFBOT obligations relating to funding.

Page 4 of 31 Page 139/190

6.0 GEOGRAPHIC AREA COVERED BY THIS AGREEMENT

The geographic area subject to this Agreement and included within is identified (i) in the adopted UF campus master plan’s Future Land Use Map (Figure 2-1) dated June 2015; (ii) as those properties identified in the Intergovernmental Coordination Element (Objective 1.3, Policy 1.3.3); (iii) as the context area identified in the Intergovernmental Coordination Map (Figure 14-1) and depicted as Exhibit “B” attached hereto and incorporated herein by this reference; and (iv) as the thirteen satellite properties identified in the Intergovernmental Coordination Map (Figure 14-2) and depicted in Exhibit “C” attached hereto and incorporated herein by this reference.

7.0 DESCRIPTION OF PUBLIC FACILITIES AND SERVICES

7.1 Four watersheds divide the UF main campus: the Lake Alice watershed, the Hogtown Creek watershed, the Tumblin Creek watershed, and Depression Basins lying between Lake Alice and the Hogtown Creek Watersheds. The Lake Alice watershed is primarily contained within the UF property limits, with small areas of the City contributing around Norman Hall and the Golfview neighborhood.

Lake Alice

A network of culverts, ponds and channels collect runoff from various sub-basins in this watershed and convey it to Lake Alice. Lake Alice discharges to the groundwater aquifer via two drainage wells located at the west end of the lake. A creek which runs along the north perimeter of the Health Science Center/Shands Hospital complex conveys runoff to Lake Alice from the sub-basins west of SW 13th Street, east of Gale Lemerand Drive, south of Museum Road, and north of Archer Road. The Lake Alice watershed also receives stormwater runoff from off-campus areas of the City, including residential areas east of SW 13th Street and the Golfview neighborhood.

Hogtown Creek,

Hogtown Creek is a volume-sensitive basin. The majority of UF property lying within the Hogtown Creek watershed has been developed. All or portionsof the Harn Museum and Center for the Performing Arts, Florida Museum of Natural History, SW Recreation Center, Maguire Village, University Village South, UF Conference Center, Orthopaedics and Sports Medicine Institute, Florida Surgical Center, Park-and-Ride Lot #2 and part of the Physical Plan Division’s facilities lie within this watershed. The drainage collection system for some of these areas conveys runoff to the Florida Department of Transportation (FDOT) drainage facilities in the 34th Street (SR 121) right-of-way. The FDOT system flows northward to Hogtown Creek. The Harn Museum, Florida Museum of Natural History, UF Conference Center, SW Recreation Center, Florida Surgical Center, Orthopaedics and Sports Medicine Institute and other recent impervious development have been equipped with retention ponds.

Tumblin Creek

Tumblin Creek, lying partially on UF property, flows into Bivens Arm Lake and Paynes Prairie. The UF sub-basins in the Tumblin Creek watershed are less densely developed than the Lake Alice or Hogtown Creek basins. For this reason, fewer drainage improvements exist in this watershed. All or portions of the College of Veterinary

Page 5 of 31 Page 140/190 Medicine, Garage 6, Garage 9, Health Science Center Administrative Services and the P.K. Yonge Developmental Research School lie within this watershed and have been equipped with retention ponds and/or drainage systems to convey runoff to their receiving water bodies. Most of the remaining UF property in this watershed is undeveloped.

Depression Basins

The depression basins lie between the Lake Alice watershed and the Hogtown Creek watershed. The developed areas of these basins include part of the Harn /Natural History Museums and the Performing Arts Center, Nuclear Research Field Building, Swine Unit, Surge Area, majority of the Physical Plant Division’s facilities, and the UF golf course. The majority of lands within these basins are dedicated for agricultural uses. Stormwater drainage systems are provided for as needed with the construction of new impervious improvements, as is stipulated in the University’s permit with the St. Johns River Water Management District.

7.2 Potable water is provided by a looped distribution system which receives water from the Gainesville Regional Utility (GRU) system. Owned by the CITY and operated by the GRU, the Murphree Water Plant supplies water to the University campus. The system is connected to the GRU system by master meters located in various points around the campus. The potable water distribution system is University-owned and also provides fire protection.

7.3 The University-owned and operated sanitary sewer system serving the UF main campus consists of a mix of gravity collection systems and pumping stations to convey waste to and an on-site water reclamation facility and effluent disposal system. The on-site water reclamation facility is currently permitted to treat 3.1 million gallons per day.

7.4 The UF solid waste collection system serves the main campus and satellite properties through a combination of University-operated and contracted services. Once collected, solid waste is then transported to the Alachua County Transfer Station where it is processed for disposal outside of Alachua County. General refuse is collected on campus by UF-owned trucks. Large contracted compactors and roll-off containers are used to collect refuse from the Health Science Center complex, Student Union/Bookstore complex, Veterinary Medical complex, and other large generators. Regular and special services for removal of construction/demolition debris are similarly provided through service contracts administered by the Physical Plant Division. UF Health (Shands Hospital) independently contracts for the disposal of medical wastes from the teaching hospital and other Shands facilities. Bio-medical waste generated by the Health Science Center, Veterinary Medical Hospital, and other University medical and biologic research facilities is disposed of under contracts administered by the Physical Plant Division. Animal carcasses are disposed of by the Veterinary Medicine Hospital through a digestive processes. UF recycles paper, cardboard, glass, cans, plastic containers, scrap metals, raw wood, yard debris, carpeting, concrete and masonry, used motor oil, used computer/electronic equipment, and other products using a mixture of in-house resources and contracted services.

7.5 The University provides and maintains its own active recreational facilities and programs. The University will continue to provide recreational facilities to support its existing and future needs. The University provides and maintains 448 acres of wetland and upland

Page 6 of 31 Page 141/190 conservation areas and more than 342 acres of passive and active recreation lands on campus (Urban Park, Green Space Buffer, Active Recreation, and Active Recreation- Outdoor Future Land Use classifications). The location and characteristics of these areas have been documented in the Conservation, Future Land Use, and Recreation and Open Space elements of the UF campus master plan.

7.6 The on-campus roadways have not been functionally classified by the UFBOT. Off- campus, SW 34th Street functions as a 6-lane divided principal arterial. SW 2nd Avenue/S.R. 26A functions as a 2-lane undivided major collector. West University Avenue, SW Archer Road and SW 13th Street function as 4-lane divided principal arterials. A complete list of road segments within the Context Area, their roadway classification and level of service standards, are provided in Subsection 8.12 below. Transit (bus) service on the UF campus is provided by the City’s Regional Transit System (RTS) under an annual contract with UF. In addition, UF operates a special van to serve the needs of disabled students on-campus. Other UF-provided shuttles serve employees and patients for certain on-campus and off-campus travel. Off-campus, RTS provides bus service to the UF campus.

8.0 CITY AND COUNTY LEVEL OF SERVICE STANDARDS

8.1 The CITY has established the following level of service (LOS) standard for drainage:

The LOS Standard for all stormwater management facilities shall be the 100-year critical duration storm. The LOS standard for water quality treatment shall be treatment of first one inch of runoff; and compliance with the stormwater management facility design and performance standards established by the applicable water management district to ensure that the receiving water quality standards of Chapter 62-302 F.A.C. are met and to ensure that receiving surface waters maintain their classifications as established in Chapter 62- 302 F.A.C. These standards shall apply to all new development and redevelopment. Any exemptions, exceptions or thresholds in the Florida Administrative Code (F.A.C.) citations are not applicable.

8.2 The COUNTY has established the following LOS standards for drainage:

Facility Level of Service

Residential floor elevation ...... 1 foot above the 100 year/ critical-duration storm elevation

Non-residential floor elevation ...... 1 foot above the 100 year/ critical-duration storm elevation or flood resistant construction

Page 7 of 31 Page 142/190 Water Quantity

Retention basins...... 100 year/ critical-duration storm or applicable Water Management District standards

Detention basins...... 25 year/critical-duration storm with 100 year/critical-duration storm routing analysis

Storm sewer systems...... 3 year/10 minute

Crossdrains...... 10/25 year/24hr. storm for closed system 100 year/24 hr. storm for open system

Sidedrains...... 10 year/20 minute

*"Critical-duration" means the duration of a specific storm event (i.e., 100-year storm) which creates the largest volume or highest rate of net stormwater runoff (post- development runoff less pre-development runoff) for typical durations up through and including the 10-day duration event. The critical duration is determined by comparing various durations of the specified storm and calculating the peak rate and volume of runoff for each. The duration resulting in the highest peak rate or largest total volume is the "critical-duration" storm.

Water Quality

Water Quality treatment criteria for new or modifications to existing facilities shall be provided in accordance with State Water Policy and the applicable local, Water Management District, state and federal requirements.

8.3 The CITY has established the following level of service standard for potable water/water supply:

a) Maximum day (peak) design flow --- 200 gallons per capita per day.

b) Storage capacity --- one-half of peak day volume in gallons.

c) Pressure --- The system shall be designed for a minimum pressure of 40 pounds per square inch (PSIG) under forecasted peak hourly demands to assure 20 PSIG under extreme and unforeseen conditions.

d) Water supply. Average daily flow of 147 gallons per capita per day.

8.4 The COUNTY has established the following level of service standards for potable water:

Page 8 of 31 Page 143/190 Potable Water and Sewer LOS Standards (based on Potable Water and Sanitary Sewer Element). The following level of service standards for potable water and sanitary sewer service in the unincorporated portion of Alachua County are hereby adopted, and shall be used as the basis for determining the availability of facility capacity, adequate water supply, and the demand generated by a development within the appropriate service area for the providers listed below for purposes of issuing development orders or building permits.

GAINESVILLE REGIONAL UTILITIES

Raw Water Supply: Average Daily Flow

Treatment Capacity: Daily Flow

Pumping and Distribution Capacity: Peak hourly flow

Storage capacity: One-half of peak day volume in gallons. This requirement may be met by a combination of storage and auxiliary power.

Minimum pressure: The system shall be designed for a minimum pressure of 40 psig under forecasted peak hourly demands to assure 20 psig under extreme and unforeseen conditions.

Fire demand: As determined using Insurance Services Organization guidelines

Potable Water: Average Day (gross) 147 gallons per capita per day (including residential and non- residential uses)

Peak Day (gross): 200 gallons per capita per day (including residential and non-residential uses)

8.5 The CITY has established the following level of service standards for sanitary sewer/wastewater:

a) Average day standard --- 106 gallons daily flow per capita.

8.6 The COUNTY has established the following level of service standards for sanitary sewer:

Collection System: Peak Hourly Flow (2.5 times the average daily flow)

Treatment and Disposal: Annual average daily flow which allows for anticipated peak hour flow

Sanitary Sewerage: Average Day (gross) 106 gallons per capita per day

Page 9 of 31 Page 144/190 For private package treatment plants, community water systems, and non-community water systems, the level of service standards shall be the minimum design and operating standards as established by the authorized local, regional, water management district, state, or federal regulatory agency.

8.7 The CITY has established a level of service standard for solid waste disposal and collection capacity of 0.655 tons of solid waste per capita per year disposed (3.6 pounds of solid waste per capita per day disposed).

8.8 COUNTY has established a level of service standard for solid waste disposal, used as the basis for determining availability of disposal capacity to accommodate the demand generated by existing and new development in Alachua County, is at a minimum, at 0.73 tons per person per year.

8.9 The CITY has established the following level of service standards for parks and recreation:

Park Adopted LOS Existing LOS2 Standard1 Neighborhood park 0.08 acres 1.33 acres Community park 2.00 acres 2.13 acres Local nature/conservation 6.00 acres 15.71 acres Total acres per 1,000 people 8.80 acres 19.73 acres

1 Park standards are in acres per 1,000 people.

2 Existing LOS is based on 2011 city population estimate and available facilities.

8.10 The COUNTY has adopted and maintains, at a minimum, the following level of service standards for recreation: (1) 0.5 acres of improved activity-based recreation sites per 1000 persons in the unincorporated area of Alachua County; (2) 5.0 acres of improved resource-based recreation sites per 1000 persons in the unincorporated area of Alachua County.

8.11 The CITY has established the following transportation mobility levels of service (LOS). These levels of service are solely for planning purposes and are not used to apply transportation concurrency.

Roadway LOS:

a. The LOS for all roadways in city limits shall be LOS E, except for I-75 and roadways operating as backlogged or constrained.

b. The LOS for I-75 segments that fall within city limits shall be maintained at LOS D to the extent feasible, recognizing that I-75 serves land areas and traffic outside city limits.

Page 10 of 31 Page 145/190 c. The City shall attempt to maintain the 2012 operating LOS on all backlogged and constrained roadways in city limits.

Transit LOS:

a. The City shall strive to provide fixed-route transit service within ¼ mile of 80% of all medium and high density residential areas identified on the Future Land Use Map, and within the RTS service area.

b. The City shall strive to provide peak hour frequencies of 20 minutes or less within ¼ mile of all high density residential and UMU-1 and UMU-2 land use areas in city limits.

c. The City shall strive to provide and maintain fixed-route transit service to all Existing Transit Hubs & Transit-Supportive Areas (as mapped in the Transportation Mobility Map Series) with peak hour frequencies of 30 minutes or less.

d. The City shall strive to operate 80% of fixed-route transit routes for at least 14 hours per day.

Pedestrian LOS:

a. The City shall install at least one linear mile of sidewalk annually to retrofit existing areas without sidewalks.

b. The City’s Land Development Code shall require sidewalk construction for all new development, except in areas designated with the Industrial land use category.

c. New streets shall be designed and constructed to include sidewalks.

Bicycle and Trail LOS:

a. The City shall add an average of at least one mile of bicycle facilities annually, including multi-modal trails.

b. New streets shall be designed and constructed to include bicycle facilities.

8.12 Within the Urban Cluster, the COUNTY adopts multi-modal level of service (LOS) standards for the following:

a) Pedestrian LOS B: Based on presence of a pedestrian facility

b) Bicycle LOS B: Based on presence of bike lanes / paved shoulders

c) Express Transit LOS B: Based on Peak Hour Frequency of 15 minutes or less

d) Motor Vehicle LOS D: Areawide Level of Service based on professionally accepted traffic analysis

Page 11 of 31 Page 146/190 e) Motor Vehicle, Strategic Intermodal System LOS C: Based on professionally accepted traffic analysis in consultation with FDOT

8.13 The following level of service standards have been established for State, County, City and GUATS system roadways within the geographic area subject to this Agreement, as identified in Exhibit “B” and Exhibit “C”:

a) State road segments Functional Segment Adopted LOS Classification

S-1, US441, from Paynes Prairie. to Williston Rd. D 4-lane divided, I State S-2, US441, from Williston Rd. to Archer Rd. E 4-lane divided, I State S-3, US441, from Archer Rd. to University Ave. E 4-lane divided, II State S-4, US441, from W. University Ave. to NW 29 Rd. E 4-lane divided, II State S-6, SR 20/NW 6th Street, from NW. 8th Ave. to NW 39 Ave. E 4-lane undivided, II State S-9, SR 24, from SW 75th Street to I-75 D 4-lane divided, I State S-10, SR 24, from I-75 to SW 34 St. E 6-lane divided, I State S-55, SR 24, from SW 34 St. to SW 16 Ave. E 6-lane divided, I State S-11, SR 24, from SW 16 Ave. to US 441 E 4-lane divided, II State S-14, SR 26, from NW 98 St. to I-75 D 4-lane divided, I State S-15, SR 26, from I-75 to NW 8 Ave. E 6-lane divided, II State S-16, SR 26, from NW 8 Ave. to W. 34 St. E 4-lane divided, I State S-17, SR 26, from W. 34 St. to Gale Lemerand Dr. E 3-lane undivided, II State S-18, SR 26, from Gale Lemerand Dr. to US 441 E 4-lane divided, II State S-19, SR 26, from US 441 to Waldo Rd. E 4-lane divided, II State S-21, SR 26A/SW 2nd Ave., from SR 26/. to SR121/ 34th St. E 2-lane divided, II State S-22, SR 26A/SW 2nd Ave., from SR121/ 34th St. to SR 26. E 2-lane divided, II State S-23, SR 121, from Williston Rd. to SR 24 E 6-lane divided, I State S-24, SR 121, from Archer Rd. to SR 26 E 6-lane divided, I State S-25, SR 121, from SR 26 to NW 16 Ave. E 2-lane divided, II State S-33, SR 226, from Archer Rd. to US 441 E 4-lane divided, II State S-34, SR 226, from US 441 to Main St. E 4-lane divided, II State S-35, SR 226 from Main St. to Williston Rd. E 2-lane undivided, II State S-36, SR 120A/NW 23 Ave US 441 to Main to Waldo Rd. E 4-lane undivided, II State S-37, SR 226 from Main St. to Williston Rd. E 2-lane undivided, II State S-38, SR 331, from I-75 to US 441 E 4-lane divided, I State S-39, SR 331 from US 441 to SR 26 E 4-lane divided, I State S-40, SR 20 from NW 6th St to Main Street E 4-lane divided, II State S-41, I-75, from Williston Rd. to Archer Rd. D 6-lane divided, Freeway

Page 12 of 31 Page 147/190 S-42, I-75, from Archer Rd. to Newberry Rd. D 6-lane divided, Freeway S-55, SR24, From SR121 (SW 34) to SR226 (SW 16) E 6-lane divided, I State SR 24, north of the MTPO boundary C 4-lane divided, I State US 441, south of the MTPO boundary C 4-lane divided, I State

b) County road segments Functional Segment LOS Classification

A-1, NW 53 Ave, from NW 71 St. to US 441 E 2-lane undivided, I Major County A-11, NW 16 Ave, from NW 43 St. to NW 13 St. E 4-lane divided, I Major County A-13, SW 75 St, from SR 24 to SW 8 Ave. D 2-lane undivided, I Major County A-14, NW 75 St, from SW 8 Ave. to SR 26 D 4-lane divided, I Major County A-15, SW 20 Ave, from SW 75 St. to SW 62 Blvd. D 2-lane undivided, I Major County A-16, SW 20 Ave, from SW 62 Blvd. to SW 34 St. E 2-lane undivided, II Major County A-17, N. Main St, from NW 8 Ave to NW 16 Ave E 2-lane divided, II Major County A-28, Rocky Point Rd, from SR 331 to US 441 D 2-lane undivided, I Major County A-30, SW 40 Blvd/42 St/43 St. from SR 24 to SW 20 Ave. E 2-lane divided, II Major County A-34, Millhopper Rd, NW 143 St. to NW 71 St. D 2-lane undivided, I Major County A-42, CR 329B, from SR 20 to SR 26 D 2-lane undivided, II Major County CR 225, north of the MTPO boundary C 2-lane undivided, I Major County CR 237, north of the MTPO boundary C 2-lane undivided, I Major County CR 241, north of the MTPO boundary C 2-lane undivided, I Major County

c) City road segments Functional Segment LOS Classification

G-37, SW 23 Terr, from Williston Rd. to SR 24 E 2-lane undivided, II Major City G-2, NW 8 Ave. from SR 26 to W. 22 St. E 4-lane undivided, I Major City

Page 13 of 31 Page 148/190 G-3, NW 8 Ave, from W. 22 St. to NW 6 St. E 2-lane undivided, II Major City G-4, W 62 Blvd, from SR 26 to SW 20 Ave. E 2/4-lane undivided, II Major City G-5, NW 22 St, from SR 26 to NW 16 Ave. E 2-lane undivided, II Major City G-6, NW 8 Ave, from N. Main St. to Waldo Rd. E 2-lane undivided, II Major City G-7, S 2 Ave, from US 441 to SE 7 St. E 2-lane divided, II Major City G-8, W 6 St, from SR 226 to SW 4 Ave. E 4-lane divided, II Major City G-9, W 6 St, from SW 4 Ave. to NW 8 Ave. E 2-lane undivided, II Major City G-10, E 9 St from SE 2 Ave. to NW 31 Ave. E 2-lane undivided, II Major City G-20, S 4 Ave. from US 441 to SE 15 St. E 2-lane divided, II Major City G-21, SW 9 Rd/Depot/SE 7 St. from US 441 to SE 15 St. E 2-lane undivided, II Major City G-24, NW 17 St, from SR 26 to NW 8 Ave. E 2-lane undivided, II Major City G-25, W 12 St, from SW 4 Ave. to NW 8 Ave. E 2-lane undivided, II Major City G-26, W 10 St, from SW 4 Ave. to NW 8 Ave. E 2-lane undivided, II Major City G-27, SW 16 St, from SW 16 Ave. to SR 24 E 2-lane undivided, II Major City G-28, NW 5 Ave, from NW 22 St. to US 441 E 2-lane undivided, II Major City G-29, W 3 St, from SW 4 Ave. to NW 8 Ave. E 2-lane undivided, II Major City G-30, W 2 St. from SW 4 Ave. to NW 8 Ave. E 2-lane undivided, II Major City G-33, E 2 St. from SE 2 Pl. to NE 8 Ave. E 2-lane undivided, II Major City G-34, E 3 St. from SE Depot Ave. to NE 2 Ave. E 2-lane undivided, II Major City G-36, Glen Springs Rd, from SR121 to NW 16 Terr. E 2-lane undivided, II Major City G-38, NW 23 Blvd, from NW 16 Terr. to NW 13 St. E 2-lane undivided, II Major City G-40, S. Main St, from Williston Rd to W. Univ. Ave. E 2-lane/4-lane divided, II Major City

Page 14 of 31 Page 149/190

8.14 The CITY uses the National Fire Protection Association (NFPA) Standard 1710 as a guideline for its response time goal for fire and emergency rescue service. NFPA 1710 is a national standard that identifies a four minute travel expectation for ninety percent of structure fire and emergency medical calls in an effort to provide effective intervention.

8.15 The COUNTY has established the following level of service guidelines for fire services:

a) In the Urban Service Area, initial unit response LOS guideline is within 4 minutes for 80% of all emergency responses within a 12 month period. Fire suppression/ protection service level for all properties in the Urban Service Area shall be at the ISO (Insurance Service Office) Class Protection 4 or better. Land development regulations shall require that 100% of development shall provide water supply served by hydrants. b) In the Urban Cluster, initial unit response LOS guideline is within 6 minutes for 80% of all emergency responses within a 12 month period. Fire suppression /protection service level for all properties in the Urban Cluster shall be at the ISO (Insurance Service Office) Class Protection 6 or better. Land development regulations shall require that 100% of development shall provide water supply served by hydrants. c) In the rural area, initial unit response LOS guideline is within 12 minutes for 80% of all emergency responses within a 12 month period. Fire suppression/protection service level for all properties in the Rural Area shall be at the ISO (Insurance Service Office) Class Protection of <10. Development will provide adequate water supply for fire suppression and protection, and fire service compliant fire connections, required through land development regulations. d) The County shall update the Fire Service Master Plan and evaluate capital and related operational needs to meet these LOS guidelines. This update shall include identification of funding sources that could be established as part of a financially feasible plan to meet these guidelines. This update and adoption of a financially feasible plan shall serve as a basis for consideration of an amendment to the Comprehensive Plan to establish level of service standards for Fire Rescue services as part of the County’s concurrency management requirements.

9.0 EXISTING FINANCIAL ARRANGEMENTS BETWEEN THE UFBOT AND SERVICE PROVIDERS

9.1 The UFBOT has a current arrangement to pay the CITY the adopted rate per equivalent residential unit (ERU) for stormwater services for untreated stormwater discharge from certain limited properties contained in the campus master plan and specified as follows: • Collegiate Living Organization (117 NW 15th Street); • Development and Alumni Affairs buildings and parking lots (100 NW 20th Street); • Institutes of Black Culture (1510 W. University Avenue) and Hispanic/Latino Cultures (1504 W. University Avenue); • State University System Presses (15 NW 15th Street); • Tanglewood Apartments (2901 SW 13th Street); • University Arboretum (northwest corner of W. University Avenue and NW 23rd Street); • 105 Classroom Building (105 NW 16th Street);

Page 15 of 31 Page 150/190 • East Campus (2100 Waldo Road); • Libraries Remote Services (2715 NE 39th Avenue); and • P. K. Yonge Developmental Research School (1080 SW 11th Street) Under the current arrangement, this charge, as may be adjusted from time to time by amendment to the CITY’s Code of Ordinances, is payable to the CITY. CITY and UFBOT agree that all other University main campus properties that may discharge untreated stormwater into the CITY’s stormwater system are offset by stormwater that discharges into the University’s Lake Alice stormwater system from lands within the CITY’s jurisdiction. UFBOT and CITY agree to periodically review the discharge calculations pertaining to such offset to ensure accuracy, especially if and when there has been a material change in circumstances affecting relevant stormwater discharge.

9.2 The UFBOT has arranged to pay for the provision of potable water service, facilities and fire hydrants to the campus in accordance with Legislative authorization and the Water Services Agreement executed November 2, 1992, by the CITY and Board of Regents. Potable water system improvements made at the request of the UFBOT will be subject to extension policies and connection charges contained in the Water Services Agreement or the City’s extension and connection policies, whichever apply. These charges, as may be adjusted for general applicability by the CITY from time to time, are payable to GRU.

9.3 The UFBOT provides most of its own internal sanitary sewer facilities and services to the campus. The University has isolated facilities for which it has arranged to pay for the provision of sanitary sewer facilities or service to the campus in accordance with the CITY’s schedule of fees, rates, and charges, as well as the CITY’s policies for wastewater extensions and connection charges. These charges, as may be adjusted for general applicability by the CITY from time to time, are payable to GRU. Charges may also be adjusted by future agreements between the CITY and UFBOT.

9.4 The UFBOT provides most of its own internal solid waste removal services using organic refuse trucks, dumpsters and University personnel. The UFBOT has entered into a contract with a private contractor for supplemental trash collection and removal services to the UF campus.

9.5 There are no financial arrangements between the UFBOT and the CITY or any other entity for the provision of parks and recreation facilities or service to the campus.

9.6 UFBOT has provided, or continues to provide, funding to the CITY and COUNTY for transportation facilities and services as follows:

a) The UFBOT has entered into a contract with the CITY’s Regional Transit System for the provision of on-campus bus routes and augmentation of certain off-campus bus routes. The UFBOT pays the CITY (RTS) based upon an agreed-upon contractual payment by UF. This rate is recalculated on a year-to-year basis, dependent upon RTS’ annual operating expense per hour.

b) The Campus Development Agreement for 1995-2005 dated December 30, 1998, with subsequent amendments in March 2001 and March 2004, provided for UFBOT fair- share payments totaling $12,450,000 to improve off-campus transportation facilities and services necessary to address deficiencies identified in that agreement.

Page 16 of 31 Page 151/190 c) The Campus Development Agreement for 2005-2015 dated August 2, 2006 provided for UFBOT fair-share payments to improve off-campus transportation facilities and services necessary to address deficiencies identified in that agreement as follows:

i. The UFBOT has provided funding in the amount of $3,789,300 to the CITY toward implementation of a county-wide traffic management system (TMS); ii. The UFBOT has provided funding in the amount of $4,800,000 (based on a rate of $960,000 per year for 5 years; FY2011-FY2015) to the CITY for public transit rolling stock; iii. The UFBOT has provided funding in the amount of $515,230 to the CITY, and $515,230 to the COUNTY toward construction of additional bicycle and pedestrian facilities in the Context Area; iv. The UFBOT has provided funding in the amount of $1,622,650 to the COUNTY toward the acquisition of right-of-way, as needed, and construction of SW 8th Avenue and SW 61st Street from SW 75th Street to SW 20th Avenue including intersection modifications as needed; v. The UFBOT has provided funding in the amount of $900,000 toward construction of roadway and intersection modifications on SW 2nd Avenue from SW 13th Street to S. Main Street; and vi. The UF BOT has provided funding in the amount of $8,182,970 to the CITY toward performance of necessary studies and construction of intersection modifications at Archer Road/SW 16th Avenue and Archer Road/Gale Lemerand Drive including a new north-south road connection between Archer Road and SW 16th Avenue with associated intersection improvements.

9.7 The UFBOT has provided $800,000 to the CITY for the purchase of certain emergency capital equipment as the fair-share payment to mitigate impacts to emergency services.

10.0 IMPACTS OF CAMPUS DEVELOPMENT ON PUBLIC FACILITIES AND SERVICES

10.1 The UFBOT and CITY and COUNTY agree that development proposed in the adopted UF campus master plan as specified in Exhibit “A” should not degrade the operating conditions for public stormwater management facilities below the level of service standards adopted by the CITY and COUNTY, as long as all development identified in the adopted UF campus master plan and Exhibit “A” of this Agreement is consistent with the policies contained in the Stormwater Management Sub-Element of the adopted UF campus master plan.

10.2 The UFBOT and CITY and COUNTY agree that development proposed in the adopted UF campus master plan as specified in Exhibit “A” should not degrade the operating conditions for public potable water facilities below the level of service standards adopted by the CITY and COUNTY.

10.3 The UFBOT and CITY and COUNTY agree that development proposed in the adopted UF campus master plan as specified in Exhibit “A” should not degrade the operating conditions for public sanitary sewer facilities below the level of service standards adopted by the CITY and COUNTY.

Page 17 of 31 Page 152/190 10.4 The UFBOT and CITY and COUNTY agree that development proposed in the adopted UF campus master plan as specified in Exhibit “A” should not degrade the operating conditions for public solid waste facilities below the level of service standards adopted by the CITY and COUNTY.

10.5 The UFBOT and CITY and COUNTY agree that development proposed in the adopted UF campus master plan as specified in Exhibit “A” should not degrade the operating conditions for public recreation facilities and open space below the level of service standards adopted by the CITY and COUNTY, as long as UF continues to provide on- campus active and passive recreation to support its existing and future needs for mutual benefit.

10.6 The UFBOT and CITY and COUNTY acknowledge and agree that the operating conditions on the following roadway segments have already degraded below the level of service standards adopted by the CITY and COUNTY, and that the development identified in the adopted UF campus master plan and in Exhibit “A” will contribute to further degradation:

(S-55) SR24/Archer Road from SR121/SW 34th Street to SR226/SW 16th Avenue (S-3) US441/SW 13th Street from Archer Road to SR26/University Avenue (S-4) US441/NW 13th Street from W. University Avenue to NW 29th Road (S-22) SR26A/SW 2nd Avenue from W. 34th Street to University Avenue (S-18) SR26/W. University Avenue from Gale Lemerand Drive to SW 13th Street (A-16) SW 20th Avenue from W. 62nd Boulevard to SW 34th Street

The UFBOT and CITY and COUNTY further acknowledge and agree that, for the purposes of this Agreement, the development identified in the adopted UF campus master plan and Exhibit “A” will cause the operating conditions on the following roadway segments to degrade below the level of service standards adopted by the CITY and COUNTY:

(S-10) SR24/Archer Road from I-75 to SW 34th Street (S-11) SR24/Archer Road from SW 16th Avenue to SW 13th Street (G-28) NW 5th Avenue from NW 22nd Street to NW 13th Street (S-24) SR121/SW 34th Street from SR24/Archer Road to SR26/University Ave. (S-17) SR26/W. University Avenue from SW 34th Street to Gale Lemerand Drive (G-27) SW 16th Street from SR226/SW 16th Avenue to SR24/Archer Road (S-2) US441/SW 13th Street from Williston Road to Archer Road (G-20) SW 4th Avenue from SW 13th Street to SE 15th Street

The UFBOT and CITY and COUNTY acknowledge and agree that the operating conditions on additional University Context Area roadway segments will degrade below the level of service standards adopted by the CITY and COUNTY, unless - at a minimum - existing transit service level is maintained including bus replacement to retain a sufficient functioning fleet.

Mitigation of the above deficiencies have been addressed by transportation strategies identified in Section 9.6 of this Agreement with a UFBOT fair-share payment that has already been provided through the Campus Development Agreement for 2005-2015 dated August 2, 2006.

Page 18 of 31 Page 153/190 10.7 The UFBOT and CITY and COUNTY agree that some of the development proposed in the adopted UF campus master plan as specified in Exhibit “A” requires specialized emergency response equipment not currently possessed by the CITY, but needed, in particular, to meet the NFPA guideline for response time and to respond to high rise building construction. For this reason, the UFBOT has provided CITY with fair-share payment mitigation identified in Section 9.7 through the Campus Development Agreement for 2005-2015 dated August 2, 2006.

10.8 The UFBOT and CITY and COUNTY agree that development proposed on the satellite properties should not degrade operating conditions below adopted level of service standards for public stormwater management facilities, public potable water facilities, public sanitary sewer facilities, public solid waste facilities, public recreation and open space facilities, fire/rescue and roadways.

11.0 IMPROVEMENTS REQUIRED TO MAINTAIN LEVELS OF SERVICE

In order to meet concurrency, the construction of the following off-campus improvements shall be required.

11.1 The UFBOT and CITY and COUNTY agree that there is sufficient stormwater management facility capacity to accommodate the impacts of development proposed in the adopted UF campus master plan and to meet the future needs of the University for the duration of this Agreement. The UFBOT and CITY and COUNTY further agree that no off-campus stormwater management improvements need to be provided, as long as all development identified in the adopted UF campus master plan and Exhibit “A” of this Agreement is consistent with the policies contained in the Stormwater Management Sub- Element of the adopted UF campus master plan and provides necessary stormwater management facilities required under the applicable Water Management District rules.

11.2 The UFBOT and CITY and COUNTY agree that there is sufficient potable water facility capacity to meet the potable water demands of UF and all GRU customers. GRU has programmed the necessary capital improvements to expand potable water facility capacity to accommodate the impacts of development proposed in the adopted UF campus master plan as specified in Exhibit “A” as well as impacts from GRU customers, and to meet the future needs of the University for the duration of this Agreement. The UFBOT and CITY and COUNTY further agree that no off-campus potable water improvements need to be provided.

11.3 The UFBOT and CITY and COUNTY agree that there exists sufficient wastewater treatment facility capacity to provide service to presently-served portions of the UF campus, as well as other GRU customers. GRU has programmed capital improvements to expand wastewater treatment facility capacity to accommodate the impacts of development proposed in the adopted UF campus master plan as specified in Exhibit “A” as well as impacts from other GRU customers, and to meet the future needs of the University for the duration of this Agreement. The UFBOT and CITY and COUNTY further agree that no off-campus wastewater treatment improvements need to be provided.

11.4 The Alachua County solid waste transfer station provides sufficient solid waste disposal capacity to accommodate the impacts from County solid waste disposal customers. The

Page 19 of 31 Page 154/190 UFBOT and CITY and COUNTY agree that no off-campus solid waste improvements need to be provided.

11.5 The UFBOT and CITY and COUNTY agree that there is sufficient open space and recreation facility capacity to accommodate the impacts of development proposed in the adopted UF campus master plan as specified in Exhibit “A” to meet the future needs of the University for the duration of this Agreement. The UFBOT and CITY and COUNTY further agree that no off-campus open space and recreation improvements need be provided, as long as UF continues to provide for the recreational needs of its students as identified in the campus master plan.

11.6 The UFBOT and CITY and COUNTY agree that the following off-campus transportation improvements are (or were, as some have already been completed) necessary to address deficiencies identified in Section 10.6 of this Agreement, and that UFBOT has previously funded its fair share of such improvements, as set forth in Section 9.6 hereof.

a) Implement a county-wide traffic management system (TMS);

b) Improve public transit to and from campus;

c) Construct additional bicycle and pedestrian facilities;

d) Acquire right-of-way, as needed, and construct SW 8th Avenue and SW 61st Street from SW 75th Street to SW 20th Avenue including intersection modifications as needed;

e) Construct roadway and intersection modifications on SW 2nd Avenue from SW 13th Street to S. Main Street; and

f) Perform necessary studies and construct intersection modifications at Archer Road/SW 16th Avenue, Archer Road/SW 13th Street, SW 13th Street/SW 16th Avenue, and other multimodal modifications along the corridors of Archer Road and SW 16th Avenue between these intersections.

11.7 The UFBOT and CITY and COUNTY agree that the purchase of certain emergency capital equipment is necessary to address deficiencies identified in Section 10.7 of this Agreement.

11.8 The UFBOT and CITY and COUNTY agree that there exists sufficient capacity for public roads, public stormwater management facilities, public potable water facilities, public sanitary sewer facilities, public solid waste facilities, public recreation and open space facilities, public transportation, and public fire and rescue emergency facilities to accommodate existing and proposed development on the Alachua County Satellite Properties identified in “ C” in accordance with adopted level of service standards.

12.0 FINANCIAL ASSURANCES FOR PUBLIC FACILITIES

12.1 The UFBOT and CITY and COUNTY agree that no off-campus stormwater management improvements need be assured by the UFBOT.

Page 20 of 31 Page 155/190 12.2 The UFBOT and CITY and COUNTY agree that no off-campus potable water improvements need be assured by the UFBOT in order to meet locally adopted level of service standards for potable water, except as provided in Section 9.2.

12.3 The UFBOT and CITY and COUNTY agree that no off-campus sanitary sewer improvements need be assured by the UFBOT in order to meet locally adopted level of service standards for potable water, except as provided in Section 9.3.

12.4 The UFBOT and CITY and COUNTY agree that no off-campus solid waste improvements need be assured by the UFBOT in order to meet locally adopted level of service standards for solid waste, except as provided in Section 9.4.

12.5 The UFBOT and CITY and COUNTY agree that no off-campus parks and recreation improvements need be assured by the UFBOT.

12.6 The UFBOT and CITY and COUNTY agree that the UFBOT’s responsibility for paying its fair share to mitigate deficiencies identified in Section 10.6 and for the costs of transportation improvements identified in Section 11.6 have been met as provided in Section 9.6. No additional transportation system improvements need be assured by the UFBOT.

12.7 The UFBOT and CITY and COUNTY agree that the UFBOT’s responsibility for paying its fair share to mitigate deficiencies identified in Section 10.7 and for the costs of improvements identified in Section 11.7 has been met as provided in Section 9.7. No additional emergency services improvements need be assured by the UFBOT.

13.0 CONCURRENCY RESPONSIBILITIES

13.1 The UFBOT, CITY and COUNTY agree that the deficiencies identified in Section 10.6 and 10.7 of this Agreement, the improvements identified in Section 11.6 and 11.7 of this Agreement, and the UFBOT’s fair share identified in Section 12.6 and 12.7 of this Agreement, are based upon the projected impacts of the development identified in Exhibit “A”.

13.2 The UFBOT, CITY and COUNTY agree that the UFBOT has fulfilled all concurrency responsibilities with regard to the square footage of development as specified in Exhibit “A”, which is a portion of the development project square footage identified in the Capital Improvements Element of the UF campus master plan. The development square footage in Exhibit “A” may proceed without any further local government review as long as it is consistent with the UF campus master plan and this Agreement. Should UF seek construction funding for development of more square footage than is provided for in Exhibit “A”, UFBOT, the CITY and the COUNTY will review the impacts of such additional square footage in order to determine, if necessary, strategies to mitigate such impacts through an amendment of this Agreement at the time such additional projects are funded.

14.0 APPLICABLE LAWS

14.1 The state government law and policies regarding concurrency and concurrency implementation governing this Agreement shall be those laws and policies in effect at the time of approval of this Agreement.

Page 21 of 31 Page 156/190

14.2 If state or federal laws are enacted subsequent to execution of this Agreement, which are applicable to or preclude either party’s compliance with the terms and conditions of this Agreement, this Agreement shall be modified or revoked or amended, as necessary to comply with the relevant state or federal laws.

15.0 AMENDMENT

15.1 This Agreement may be amended as provided in Section 1013.30, Florida Statutes and in conjunction with any amendment to the adopted UF Campus Master Plan within the geographic area identified in Exhibit “B” and Exhibit “C” which, alone or in conjunction with other amendments: increases density or intensity of use of land on the campus by more than 10 percent; decreases the amount of natural areas, open spaces, or buffers on the campus by more than 10 percent; or rearranges land uses in a manner that will increase the impact of any proposed campus development by more than 10 percent on a road or on another public facility or service provided or maintained by the state, the city or any affected local government.

15.2 Requests for amendment of this Agreement shall be made in accordance with the notification requirements set forth in Section 22.0 of this Agreement.

15.3 It is further agreed that no modification, amendment, or alteration in the terms or conditions contained herein shall be effective unless contained in a written document approved and executed by all parties hereto.

15.4 In the event of a dispute arising from the implementation of this Agreement, the parties shall resolve the dispute in accordance with the dispute resolution requirements set forth in Section 18.0 of this Agreement.

16.0 CONSISTENCY WITH ADOPTED COMPREHENSIVE PLANS

The CITY and COUNTY find that this Agreement and the proposed development identified in Exhibit “A” provided for herein are consistent with the City’s and County’s Comprehensive Plans to the extent that this Agreement addresses issues that are addressed in the City’s and County’s comprehensive plans.

17.0 ENFORCEMENT

Any party to this Agreement or aggrieved or adversely affected person may file an action for injunctive relief in the circuit court where the City and County are located to enforce the terms and conditions of this Agreement, or to challenge the compliance of the Agreement with Section 1013.30, Florida Statutes. This action shall be the sole and exclusive remedy of an aggrieved or adversely affected person other than a party to this Agreement to enforce any rights or obligations arising from this Agreement.

18.0 DISPUTE RESOLUTION

18.1 In the event of a dispute arising from the implementation of this Agreement, each party shall select one mediator and notify the other party in writing of the selection. Thereafter, within 15 days after their selection, the two mediators shall select a neutral third mediator to complete the mediation panel.

Page 22 of 31 Page 157/190

18.2 Each party shall be responsible for all costs and fees payable to the mediator selected by it and shall equally bear responsibility for the costs and fees payable to the third mediator for services rendered and costs expended in connection with resolving disputes pursuant to this Agreement.

18.3 Within 10 days after the selection of the mediation panel, proceedings must be convened by the panel to resolve the issues in dispute. Within 60 days after the convening of the mediation panel, the panel shall issue a report containing a recommended resolution of the issues in dispute.

18.4 If either the UFBOT or CITY or COUNTY rejects the recommended resolution of the issues in dispute, the matter shall be forwarded to the state land planning agency which, pursuant to Section 1013.30, Florida Statutes, has 60 days to hold informal hearings, if necessary, to resolve the dispute.

19.0 MONITORING AND OVERSIGHT

19.1 The CITY and COUNTY may upon request review all relevant information concerning development activity on the UF campus to verify that the terms of this Agreement are satisfied. UF shall continue to provide the CITY and COUNTY periodic project information that demonstrates good faith compliance with the terms of this Agreement.

19.2 The University may upon request review all relevant information concerning development activity by the CITY and COUNTY to verify that improvements identified in Sections 11.6, 11.7, 12.6 and 12.7 of this Agreement funded by the State University System Concurrency Trust Fund that address impacts of University development have been implemented consistent with the terms and conditions of this Agreement. Not less than once every 12 months, the CITY and COUNTY shall provide the University project information that demonstrates good faith compliance with the terms of this Agreement. Required project information shall include a statement of compliance with this Agreement, and a report on the status of improvements identified in Section 11.6, 11.7, 12.6 and 12.7 of this Agreement.

19.3 If any party finds that there has been a failure to comply with the terms of this Agreement, the aggrieved party shall serve notice on the other that such failure to comply has occurred in accordance with the notification requirements set forth in Section 22.0 of this Agreement.

20.0 SUCCESSORS AND ASSIGNS

This Agreement shall be binding upon the parties hereto, their successors in interest, heirs, assigns and personal representatives.

21.0 FORWARDING AGREEMENT TO STATE LAND PLANNING AGENCY

A copy of the executed Agreement shall be forwarded to the state land planning agency by the UFBOT within 14 days after the date of execution.

22.0 NOTICES

Page 23 of 31 Page 158/190 22.1 All notices, demands, requests to replies provided for or permitted by this Agreement shall be in writing and may be delivered by any of the following methods:

By personal service or delivery; By registered or certified mail; By deposit with an overnight express delivery service.

22.2 Notices by personal service or delivery shall be deemed effective at the time of personal delivery. Notices by registered or certified mail shall be deemed effective three business days after deposit with the United States Postal Service. Notices by overnight express delivery service shall be deemed effective on the business day after deposit with the express delivery service.

For the purpose of notice, the address of the CITY shall be:

City Manager City of Gainesville Post Office Box 490 Gainesville, Florida 32602

With a copy to:

City Attorney City of Gainesville Post Office Box 1110 Gainesville, Florida 32602

The address of the COUNTY shall be:

County Manager Alachua County Post Office Box 2877 Gainesville, Florida 32602

With a copy to:

County Attorney Alachua County Post Office Box 2877 Gainesville, Florida 32602

The address of the UFBOT shall be:

University of Florida Board of Trustees Vice President for Business Affairs University of Florida 204 Tigert Hall P. O. Box 113100 Gainesville, Florida 32611

With a copy to:

Page 24 of 31 Page 159/190

Vice President and General Counsel University of Florida 123 Tigert Hall P. O. Box 113125 Gainesville, Florida 32611

23.0 EXHIBITS AND SCHEDULES

The Exhibits and Schedule to this Agreement consist of the following, all of which are incorporated into and form a part of this Agreement:

Exhibit “A” – Development Authorized By The Agreement Exhibit “B” – Geographic Area Covered By The Agreement (Context Area) Exhibit “C” – Geographic Area Covered By The Agreement (Satellite Properties)

IN WITNESS THEREOF, the parties have set their hands and seals to this Campus Development Agreement on the day and year indicated.

APPROVED by the UFBOT this ______day of ______, 2015.

UNIVERSITY OF FLORIDA BOARD OF TRUSTEES

By: ______Dr. Charles E. Lane, Senior Vice President and Chief Operating Officer

______Date

REVIEWED BY:

______Colt Little Associate General Counsel

Page 25 of 31 Page 160/190 APPROVED by the City Commission this _____ of ______, 2015.

ATTEST: CITY COMMISSION OF THE CITY OF GAINESVILLE, FLORIDA

______BY: ______Kurt Lannon, Clerk of the Commission Ed Braddy, Mayor

Date: ______Date: ______

APPROVED AS TO FORM AND LEGALITY:

______Nicolle Shalley City Attorney

Page 26 of 31 Page 161/190 APPROVED by the County Commission this _____ of ______, 2015.

ATTEST: ALACHUA COUNTY, FLORIDA BOARD OF COUNTY COMMISSIONERS

______BY: ______J. K. “Buddy” Irby, Clerk of the Commission Charles Chestnut IV, Chairman

Date: ______Date: ______

APPROVED AS TO FORM AND LEGALITY:

______Michele L. Lieberman County Attorney

Page 27 of 31 Page 162/190 EXHIBIT “A” DEVELOPMENT AUTHORIZED BY THE AGREEMENT

1. MAIN CAMPUS

NOTE: The parties hereto acknowledge that the various individual gross square footage (GSF) amounts listed in the column designated as “CDA Authorized 2015-2015” may be adjusted and/or be reallocated between the several categories, but in no event will the total GSF in this column exceed 1,995,862 GSF, as indicated below.

CDA Net Built CDA Authorized 1/1/05- Authorized UF Main Campus 2005 - 2015 6/30/15 2015-2025 Space Type (GSF) (GSF) (GSF)

Housing 284,502 120,316 164,186 Green Space Buffer and Urban Park - - - Active Recreation/ Active Recreation-Outdoor 342,760 130,567 212,193

Academic/ Academic-Outdoor 2,104,856 1,213,018 891,838

Support / Clinical and Cultural 1,002,718 248,960 753,758

TOTAL 3,734,836 1,712,861 2,021,975

Parking 2,000 285 1,715

2. ALACHUA COUNTY SATELLITE PROPERTIES

Austin Cary Memorial Forest: The 2005-2015 CDA authorized 15,000 GSF of development. During those years, 2,945 GSF of development (net new) was added as replacement conference center. The 2015-2025 CDA will authorize 12,000 GSF of Academic-Outdoor and field support facilities at this site.

Beef Research Unit: The 2005-2015 CDA authorized 5,000 GSF of development. During those years, there was a net decrease of 2,390 GSF due to demolitions at this site. The 2015-2025 CDA will authorize 7,000 GSF of Academic-Outdoor and field support facilities at this site.

Dairy Research Unit: The 2005-2015 CDA authorized 12,000 GSF of development. During those years, 23,368 GSF (net new) was added as construction of two large replacement feed barns in agricultural use. The 2015-2025 CDA will authorize 15,000 GSF of Academic-Outdoor and field support facilities at this site.

Page 28 of 31 Page 163/190 Millhopper Horticulture Unit: The 2005-2015 CDA authorized 21,000 GSF of development. During those years, 10,827 GSF (net new) was added as office, laboratory, academic support, and shadehouse construction. The 2015-2025 CDA will authorize 10,000 GSF of Academic-Outdoor and field support facilities at this site.

Wall Farm Horse Teaching Unit: The 2005-2015 CDA authorized 10,400 GSF of development. During those years, 1,312 GSF (net new) was added in field support and storage buildings. The 2015-2025 CDA will authorize 10,000 GSF of Academic-Outdoor and field support facilities at this site.

Santa Fe Ranch Beef Research: The 2005-2015 CDA authorized 18,000 GSF of development. No additional square footage has been added between 2005 and 2015. The 2015-2025 CDA will authorize 18,000 GSF of Academic-Outdoor and field support facilities at this site.

Lake Wauburg: The 2005-2015 CDA authorized 21,200 GSF of development. No additional square footage has been added between 2005 and 2015. The 2015-2025 CDA will authorize 40,000 GSF of Active Recreation facilities at this site.

East Campus: The 2005-2015 CDA authorized 124,162 GSF of development. During those years, 69,241 GSF was added in office, laboratory, and support spaces. The 2015-2025 CDA will authorize 110,000 GSF of Academic and Support facilities at this site.

Libraries Remote Services: The 2005-2015 CDA did not authorize any development at this site and none was developed during those years. The 2015-2025 CDA will authorize 140,000 GSF of Support facilities at this site.

Page 29 of 31 Page 164/190 EXHIBIT “B” GEOGRAPHIC AREA COVERED BY THE AGREEMENT (CONTEXT AREA)

Page 30 of 31 Page 165/190 EXHIBIT “C” GEOGRAPHIC AREA COVERED BY THE AGREEMENT (SATELLITE PROPERTIES)

Page 31 of 31 Page 166/190

UNIVERSITY OF FLORIDA BOARD OF TRUSTEES COMMITTEE ON FINANCE AND FACILITIES COMMITTEE ACTION ITEM FF8 June 4, 2015

SUBJECT: Approval of Real Property Exchange with Innovation Square, LLC

BACKGROUND INFORMATION

University of Florida Internal Operating Memorandum 02-5 (the “Memorandum”) requires the approval of the Board of Trustees to acquire or dispose of any fee simple (full ownership) interest in real property on behalf of the University of Florida.

The University of Florida is the owner of an approximately 1 acre parcel of real property on which the existing Florida Innovation Hub at UF (the “Hub Site”) is located. The Hub Site is part of the larger overall development known as Innovation Square, which is being developed by an entity affiliated with the University of Florida known as Innovation Square, LLC (the “LLC”). The sole members of the LLC are the University of Florida Development Corporation, a direct- support organization of the University, and Shands Teaching Hospital and Clinics, Inc. The LLC owns a parcel of property immediately to the west of the Hub Site approximately 0.68 acres in size (“Parcel A”), and UF owns an additional parcel of property immediately to the south of the Hub Site approximately 0.50 acres in size (“Parcel B”). In order to facilitate the continued development of Innovation Square and a second phase of the Hub building (which will be incorporated into the existing Hub building, per its original design), the LLC is proposing that it and the University simultaneously convey and exchange ownership of Parcel A and Parcel B; the parcels are of equal value (so no monetary consideration will be exchanged).

Note that UF originally owned nearly all of Parcel A and the LLC originally owned Parcel B. The parcels were previously exchanged for one another in 2012 (resulting in today’s ownership status) in order to accommodate a private construction project which did not materialize. It is now proposed that Parcel A and Parcel B be transferred back to their original owners to allow the construction of the second phase of the Hub facility. Because (i) the subject parcels are being returned to their original owners; (ii) each parcel has been held solely by UF and its affiliate organizations; and (iii) no vertical construction has occurred on the parcels, it is proposed that, in an effort to avoid unnecessary costs and effort, UF waive its internal requirements, as set forth in the Memorandum, relating to due diligence on property it intends to acquire. Additionally, it is requested that the Board of Trustees delegate authority to the Page 167/190 President or the Senior Vice President and Chief Operating Officer as his designee to execute all documents and take all necessary or prudent steps to accomplish the proposed property exchange. Finally, it is noted that, this is essentially an internal exchange of real property among UF affiliates that unwinds a prior exchange and results in UF receiving the larger of two almost adjacent parcels with no vertical improvements. (The parcel UF is receiving has a small parking lot on it.) Consequently, if there is any difference in value, UF is receiving the greater value.

PROPOSED COMMITTEE ACTION

Approve the proposed exchange of real estate, unwinding the prior exchange of ownership of Parcel A and Parcel B, between the University of Florida Board of Trustees and Innovation Square, LLC, resulting in ownership of Parcel A returning to the University of Florida Board of Trustees and ownership of Parcel B returning to the LLC; waive the Memorandum’s requirements relating to due diligence; and authorize the President or the Senior Vice President and Chief Operating Officer as his designee to approve, execute and deliver all related documents and take all other actions deemed by him to be in the best interest of the University to accomplish the proposed property exchange.

SIGNIFICANT POLICY ISSUES FOR COMMITTEE TO CONSIDER

It is requested that the Board of Trustees waive the due diligence required by Section C of the Memorandum for the reasons summarized above.

Board of Governors approval is not required.

Supporting Documentation Included: See attached location map.

Submitted by: Dr. Charles E. Lane, Senior Vice President and Chief Operating Officer

Page 168/190

Page 169/190 UF Board of Trustees UNIVERSITY of FLORIDA COMMITTEE on FINANCE and FACILITIES

Construction Update

Committee Meeting June 4, 2015

Page 170/190 Board of Trustees COMMITTEE on FINANCE and FACILITIES UF UNIVERSITY of FLORIDA Construction Program Highlights – June 4, 2015

Chemistry/Chemical Biology Project Site

Indoor Football Practice Facility Project Site

JWRU Expansion & Renovation Project Site Single Student Housing Project Site Harrell Medical Education Building Project Site

Page 171/190 Board of Trustees COMMITTEE on FINANCE and FACILITIES UF UNIVERSITY of FLORIDA Construction Program Highlights – June 4, 2015

Project: UF-323A – Chemistry / Chemical Biology Building Description: This project will provide approximately 110,000 GSF for modern undergraduate teaching laboratories, auditorium, teaching support, graduate research laboratories, learning centers and offices. The building will provide a centralized home for lower-level undergraduate chemistry instruction. It will also provide state-of-the-art research facilities for faculty and graduate students working in the areas of chemical biology and chemical synthesis. The project has been designed to have four levels of teaching and penthouse for support.

Current Project Budget: $66,600,000

Architect: Stantec Architects

Contractor: Skanska Building Group

Status Update: Super Structure work portion of new construction is currently progressing and completion date is planned on May/June 2016 for Fall Occupancy.

Page 172/190 Board of Trustees COMMITTEE on FINANCE and FACILITIES UF UNIVERSITY of FLORIDA Construction Program Highlights – June 4, 2015

Project: UF-368 - Reitz Union Expansion and Renovation Description: The project is for expansion and renovation of the JWRU Student Union Building. Scope of the project includes demolition of the existing colonnade, construction of a new 137,000 GSF building, and renovating 80,000 GSF of the existing building. Current Project Budget: $74,700,783 Architect: Cannon Design Contractor: Skanska USA Building Inc. Status Update: New construction and renovation progressing with the entire project to be complete Fall 2015.

Page 173/190 Board of Trustees COMMITTEE on FINANCE and FACILITIES UF UNIVERSITY of FLORIDA Construction Program Highlights – June 4, 2015

Project: UF-400 – Single Student Housing Description: The scope of the project is for construction a new 68,000 GSF dormitory facility for the Division of Housing. The proposed new residence hall will increase the number of beds available to undergraduate students, will accommodate the increased demand from first-time students requesting on-campus housing and current off-campus students desiring on-campus accommodations. The building will be designed with five levels and will consist of a mix of single, double and triple occupancy suites with shared amenities Current Project Budget: $21,900,000

Architect: Ponikvar & Associates Inc.

Contractor: Charles Perry Partners Inc.

Status Update: Construction of the building is progressing at approximately 85% and completion date is planned around July 2015. Student occupancy: Fall 2015.

Page 174/190 Board of Trustees COMMITTEE on FINANCE and FACILITIES UF UNIVERSITY of FLORIDA Construction Program Highlights – June 4, 2015

Project: UF-286 – Harrell Medical Education Building Description: The scope of the project is for construction of a new 95,000 GSF classroom facility for the College of Medicine. The new facility will provide education and support spaces that address requirements for increased small-group and active learning, the use of simulation and standardized patients for professional development and assessment, and state of the art information technology. The building will house primary learning spaces for medical students and physician assistant students as well as education related offices and student support services. Current Project Budget: $45,419,000

Architect: Heery International

Contractor: Charles Perry Partners Inc.

Status Update: The project construction is 90% complete. The construction completion date is currently scheduled for July 2015.

Page 175/190 Board of Trustees COMMITTEE on FINANCE and FACILITIES UF UNIVERSITY of FLORIDA Construction Program Highlights – June 4, 2015

Project: UAA-35 Indoor Football Practice Facility Description: The scope of the project is for construction a new 80,000 GSF practice facility for the University Athletic Association. The proposed new facility will provide an indoor practice field for the football program allowing practice to continue without interruption of inclement weather. The building will be a large open structure with one section devoted to a team training room, storage, and restroom facilities.

Current Project Budget: $17,000,000

Architect: Davis Architects

Contractor: Brasfield & Gorrie

Status Update: Structural framing portion of construction is currently progressing and completion date is planned around September 2015.

Page 176/190 University of Florida Board of Trustees Construction Projects Update Unit: Planning, Design, and Construction Division Meeting Date: June 4, 2015 UF Major Projects Project Project Budget Construction Budget Change Change Number Description Original Current Original Current AE Contractor SC Status Qtr.-2 Qtr.-2 UF-286 Harrell Medical Education $ 44,447,700 $ 45,419,000 $ - $ 30,345,200 $ 33,734,097 $ - Heery International CPPI Jul-15 Construction 90% Complete Building UF-323 Chemistry/Chemical $ 65,900,000 $ 65,900,000 $ - $ 49,400,000 $ 51,500,000 $ - Stantec Architects Skanska USA Jul-16 Construction 20% Complete Biology Building and Renov.of Existing UF-368 Addition & Renovations to $ 69,000,000 $ 74,700,783 $ - $ 52,100,000 $ 61,360,782 $ 1,193,039 Cannon Design Skanska USA Nov-15Construction 65% Complete JWRU Student Union UF-400 Cypress Hall, Single Student $ 20,562,000 $ 21,900,000 $ - $ 17,500,000 $ 19,846,261 $ - Ponikvar & Assoc. CPPI Jul-15Construction 85% Complete Housing 2015 UAA-34 Office of Student Life Farrior $ 25,000,000 $ 25,000,000 $ 19,800,000 $ 19,800,000 Gould Evans Associates PL Parrish McCall Dec-16 Early Site Work Construction Hall Addition Constructors Inc UAA-35 Indoor Football Practice $ 15,000,000 $ 17,012,467 $ 2,012,467 $ 13,100,000 $ 15,568,862 $ 2,468,862 Davis Architects Brasfield & Gorrie LLC Sep-15 Construction 35% Complete Facility Total Construction Projects: 5 $ 261,309,700 $ 272,582,250 $ 197,982,700 $ 219,696,348

UF-212 Newell Hall Renovation$ 15,000,000 $ 15,000,000 $ - $ 11,615,000 $ 11,615,000 $ - Schenkel & Shultz Inc Ajax Building Corporation Mar-17 Schematic Design

UF-366 SUS Joint Use Library $ 18,279,283 $ 18,279,283 $ - $ 11,298,550 $ 11,298,550 $ - Ponikvar & Assoc. Hardin TBD 100% Construction Documents, Storage Facility Awaiting Construction Funding

UF-392 OConnell Center Major $ 50,000,000 $ 50,000,000 $ - $ 38,310,000 $ 38,310,000 $ - Davis Architects Brasfield & Gorrie LLC TBD Design Development Renovations UF-394 PK Yonge Developmental $ 18,730,900 $ 18,730,900 $ - $ 15,210,147 $ 15,210,147 $ - Schenkel & Shultz, Inc. TBD TBD Design Development, Awaiting School Phase II Construction funding UF-402 UF Boiler Project$ 7,000,000 $ 7,000,000 $ 5,700,000 $ 5,700,000 TBD TBD TBDEquipment Design/Procurement

UF-461 Nuclear Science Addition $ 53,000,000 $ 53,000,000 $ - $ 38,000,000 $ 38,000,000 $ - Grimshaw Architects Whiting Turner TBD Conceptual Design (Engineering Nexus) UF-583 Basic Sciences Building - $ 5,227,687 $ 5,227,687 $ - $ 4,126,600 $ 4,126,600 $ - TBD TBD TBDDB Contract Negotiations Ground Floor Renovation Total Design Projects: 6 $ 167,237,870 $ 167,237,870 $ 124,260,297 $ 124,260,297

GRAND TOTAL Facilities Planning and Construction Projects: 15 $ 439,820,120 $ 343,956,645

Project & Construction Budget changes grouped by project # are as indicated below: UAA-35 Indoor Football Practice 2nd Qtr. 15 Project budget increased by $2,012,467 to accommodate change in scope for larger full size indoor practice field and to condition interior spaces. Facility UF-368 Addition & Renovations to 2nd Qtr. 15 Construction contract increased by $1,193,039 from project contingency to cover code compliance, elevator structural revisions, misc. HVAC & Plumbing revisions, infill abandoned shaft, JWRU Student Union dewatering, misc. structural and interior revisions. UF-323 Chemistry/Chemical 1tst Qtr. 15 Construction contract increased by $2,100,000 from project contingency to cover the final GMP Biology Building and UF-400Renov.of Cypress Hall, Existing Single Student 1tst Qtr. 15 Construction contract increased by $10,512 from project contingency to cover change orders for C02 Sensors, Elevator Pit Redesign, and Man Hole Relocation Housing 2015

Page 177/190 University of Florida Board of Trustees Construction Projects Update Unit: Planning, Design, and Construction Division Meeting Date: June 4,2015 UF Minor Projects - Large Scale Project Number Project Name Phase Project Budget Construction Budget SC Date Status 934274 473 - Lacy Rabon Plant - Boiler #4 Replacement Construction $ 4,120,175 $ 3,663,002 05-30-2015 Construction proceeding - 95% 1502407 Building 473 - Rabon CHW Plant - Provide Estimate to Address Roof Leaks Construction $ 316,143 $ 260,811 05-29-2015 Construction proceeding - 60% DMF-5156 205 - Dental Science - HHW Piping Replacement 5th-7th floor Construction $ 850,000 $ 850,000 11-18-2015 Construction Started LM-4951 Campus Building Addressing & Naming & Demo Greenhouse Bldg485 Construction $ 419,527 $ 419,527 03-31-2015 Construction proceeding - 95% LM-5083 Renovation of M119 Lab Space for Ophthalmology in MSB Construction $ 750,000 $ 653,310 07-31-2015 Construction proceeding - 95% MP00005 746 - Particle Science - Exhaust Fan Systems 2A & 2B Replacement Construction $ 306,500 $ 256,000 06-26-2015 Construction Started MP00017 VMTH Boiler, DA Tank, Condensate Tank, Surge Tank Repl. Construction $ 324,101 $ 324,101 06-30-2015 Construction proceeding - 25% MP00034 18 - Infirmary - Fire Alarm System Upgrade Construction $ 234,777 $ 196,722 04-30-2015 Construction proceeding - 95% MP00073 Renovation of D2-14 and D2-15 Construction $ 550,000 $ 398,425 06-24-2015 Construction Started MP00114 Human Dev Bldg 5th FL Renovation Construction $ 724,453 $ 641,431 05-09-2015 Construction proceeding - 90% MP00121 29 - David Stuzin Hall - Elevator Code Corrections Construction $ 200,000 $ 161,000 07-17-2015 Early Sitework Proceeding MP00123 309 - Harn Museum - Elevator Codes Corrections Construction $ 200,000 $ 163,000 08-14-2015 Construction Started MP00124 43 - Marston Library - Elevator Codes Corrections Construction $ 200,000 $ 163,000 04-30-2015 Project complete MP00125 42 - Computer Science Eng. - Elevator Codes Corrections Construction $ 200,000 $ 163,000 05-06-2015 Construction proceeding - 95% MP00126 Building 702 - PPD Maintenance Building Reroof Construction $ 730,001 $ 704,400 06-09-2015 Construction proceeding - 60% MP00130 Building 158 - Yon Hall AHU Replacement 2nd and 3rd floors - East side Construction $ 2,015,078 $ 1,957,676 07-15-2015 Construction proceeding - 55% MP00136 205 - Dental Science Building - Fire Alarm Upgrade 4th-7th Floors Construction $ 206,000 $ 201,000 05-29-2015 Construction proceeding - 50% MP00137 454 - Human Development Building - Elevators 7 and 8 Modernization Construction $ 236,982 $ 200,000 11-06-2015 Early Sitework Proceeding MP00140 Cancer Genetics Envelope Repairs Construction $ 312,000 $ 250,000 05-15-2015 Construction proceeding - 95% MP00142 Building 059 - McKnight Brain Institute Air Compressor Replacement Construction $ 550,000 $ 400,000 07-31-2015 Construction proceeding - 85% MP00162 Ortho Second Flr Radiology renovation Construction $ 300,000 $ 300,000 06-30-2015 Construction proceeding - 80% MP00172 1012 - Whitney Lab - HVAC Improvements Construction $ 820,194 $ 664,518 12-18-2015 Construction proceeding - 20% MP00188 Reitz Union Food Court Expansion Construction $ 1,835,000 $ 1,610,554 12-07-2015 Early Sitework Proceeding MP00190 East Campus - DX System Replacement to a CHW System Construction $ 313,800 $ 259,000 02-28-2015 Project complete MP00220 Lake Nona - Boiler Exhaust Extension Construction $ 145,000 $ 130,000 06-30-2015 Substantial completion MP00228 EPI Infrastructure upgrades Construction $ 200,000 $ 166,000 07-31-2015 Construction proceeding - 20% MP00229 Communicore BSL-3 HHW Upgrades Construction $ 24,000 $ 16,000 05-31-2015 Construction proceeding - 60% MP00244 Renovate ARB R5 labs and offices Construction $ 479,044 $ 444,224 06-01-2015 Construction proceeding - 80% MP00247 Building 006 - Bryan Hall Second Floor South Renovation Construction $ 437,000 $ 371,500 07-06-2015 Construction Started MP00250 Carleton Auditorium Acoustical Upgrades Construction $ 300,000 $ 300,000 07-30-2015 Construction proceeding - 10% MP00257 MBI: Renovate 3rd floor Lab L3-127 (A,B,C), L3-117, L3-113 Construction $ 397,350 $ 292,200 07-31-2015 Construction proceeding - 90% MP00258 MBI: Renovate lab space L3-135, L3-109 (A,B,C,D,E) Construction $ 450,000 $ 340,000 06-30-2015 Construction proceeding - 90% MP00259 184 - Rhines Hall - Exhaust System Replacement Construction $ 397,300 $ 325,000 07-31-2015 Construction Started MP00280 0401- Center for Outdoor Recreation & Education (CORE) Construction $ 1,921,550 $ 1,522,500 12-23-2015 Early Sitework Proceeding MP00284 0021- Florida Gym- Dean's Office Suite Construction $ 114,300 $ 108,000 05-29-2015 Construction proceeding - 15% MP00291 0206-BSB Research Office Expansion, Floors 4,5,6 Construction $ 507,000 $ 364,897 06-30-2015 Construction proceeding - 90% MP00316 1383- Ctr of Excellence clean room 306 Construction $ 300,000 $ 256,000 05-30-2015 Construction proceeding - 95% MP00319 0042- CSE-Renovate half of computer lab into new Active Learning Center Construction $ 1,155,240 $ 916,700 07-31-2015 Construction Started MP00323 498 - McCarty D - 3rd Floor HVAC Upgrade Construction $ 1,455,525 $ 1,236,525 04-30-2016 Construction Started MP00339 Salcedo House Renovations Construction $ 137,279 $ 121,079 03-23-2015 Construction proceeding - 10% MP00375 VET MED Complex - Replace Damaged CHW and HHW pipe insulation Construction $ 100,000 $ 100,000 06-01-2015 Construction proceeding - 65% MP00376 0028-Chemistry Lab C309-HVAC system in this laser lab requires modification Construction $ 157,240 $ 149,000 07-31-2015 Construction Started MP00391 0001- Auditorium-Repairs to steeple leaks have caused damage Construction $ 100,000 $ 100,000 08-14-2015 Construction Started MP00393 MSB Lab Exhaust Corrections Construction $ 1,065,000 $ 999,400 06-30-2015 Construction proceeding - 80% MP00394 0158- Yon Hall- Renovate Room 012 Construction $ 1,461,015 $ 1,197,700 06-29-2015 Construction proceeding - 65% MP00428 MBI- Install new divider wall Construction $ 9,000 $ 9,000 05-25-2015 Construction Started Page 178/190 Project Number Project Name Phase Project Budget Construction Budget SC Date Status MP00441 Building 719 - Materials Engineering - Renovate various suites Construction $ 650,000 $ 550,000 05-15-2015 Construction proceeding - 75% MP00464 Building 267 - Reno 1317 & 1341 from large tutoring rooms to small. Construction $ 248,998 $ 219,498 08-31-2015 Construction proceeding - 20% MP00608 0746 PCT Various Rms- A E provide proposal for cost-design construction Construction $ 30,000 $ 25,000 05-29-2015 Construction Started MP00614 Parking Garage 12 - Welcome Center Garage lighting retrofit Construction $ 242,000 $ 220,000 07-31-2015 Construction Started MP00642 Building 485 - Greenhouse CLAS - New parking lot at demoed greenhouses. Construction $ 301,000 $ 250,000 07-01-2015 Construction Started MP00649 0042 CSE E211 Informatics & Biodiversity Institutes Construction $ 647,650 $ 495,100 06-29-2015 Construction proceeding - 15% MP00697 0309 Harn Museum Waterproof north wall Construction $ 50,000 $ 50,000 05-29-2015 Construction proceeding - 95% MP00771 0446 Shands Teaching Rm 4104-New flooring Construction $ 29,750 $ 29,750 04-29-2015 Construction proceeding - 50% MP00780 0203 Communicore MDL CG-88-adjoining spaces-Renovating two Labs Construction $ 259,000 $ 200,000 07-31-2015 Construction Started MP00794 0029- Stuzin Hall - renovate classrooms 103 and 104 Construction $ 335,155 $ 221,135 08-10-2015 Construction Started MP00820 0006 Bryan Hall-Replace carpet-various rms- laminate wood flrs in other rms Construction $ 10,228 $ 10,228 06-30-2015 Construction proceeding - 50% MP00834 Building 117 - Music Rm 234-Installation of 5 Wenger Sound Lock Modules Construction $ 86,400 $ 75,000 06-15-2015 Construction Started MP00856 Bldg 018 3rd Flr. Reno Recept. Honors Rms 337-345 Construction $ 90,310 $ 81,110 06-08-2015 Construction proceeding - 10% MP00886 Bldg 1017 Office Suite Renovation Construction $ 99,800 $ 81,500 05-06-2015 Construction proceeding - 95% MP00961 1012 Whitney Rm 33- Installation of window on exterior wall Construction $ 10,000 $ 10,000 06-30-2015 Construction Started MP01009 0309 Harn Museum C199B change exterior glass door to wall Construction $ 26,814 $ 22,314 07-03-2015 PO Requested MP01115 0446 Shands Teaching Hospital - Replace flooring in various rooms Construction $ 24,000 $ 24,000 05-25-2015 Construction proceeding - 95% SM-5047 St. Augustine Parking Lot Lighting Construction $ 131,175 $ 120,190 03-30-2015 Construction proceeding - 95% UAA-40 Basketball Small Addition Construction $ 1,230,800 $ 1,077,000 08-28-2015 Waiting on GMP Total Minor Construction Phase Projects: 66 $ 32,530,655 $ 28,088,028

1445219 Building 158 - Yon Hall - HVAC System Upgrade (2nd & 3rd Floors) Design Design $ 168,950 $ - 07-31-2015 Bid Documents 1480387 Plaza of the Americas F010 - Renovation Design $ 1,950,000 $ 1,800,000 12-31-2015 Advanced Schematic LM-5634 Government House Exterior Rehabilitation Design $ 1,000,000 $ 850,000 07-31-2015 50% CDs MP00002 687 - Constans Theater - AHU T2 Replacement Design $ 353,540 $ 293,290 08-30-2015 100% CDs MP00054 Florida Gym, Investigate and Repair Damage to Bridge Design $ 10,200 $ 8,000 06-30-2015 Design proceeding MP00128 Building 1040 - Biotechnology Building 1 Roof Replacement Design $ 250,800 $ 204,230 08-01-2015 Bid Documents MP00129 Building 1383 - Center of Excellence Roof Replacement Design $ 552,600 $ 472,600 10-01-2015 50% CDs MP00131 Building 719 - Materials Engineering AHU 1 Replacement Design $ 1,961,720 $ 1,565,000 12-18-2015 100% CDs MP00132 Dauer Hall - Replace AHUs 1, 2, 4, 5, and 6 Design $ 839,000 $ 699,000 08-21-2015 100% CDs MP00135 Matherly Hall - Replace AHUs 1 and 2 Design $ 1,420,000 $ 1,146,000 08-21-2015 100% CDs MP00138 Dental Science Building Reroof Lower Areas Design $ 1,000,000 $ 810,000 06-30-2015 50% CDs MP00195 FMNH Discovery Room Design $ 1,656,000 $ 1,590,000 08-28-2015 50% CDs MP00204 0038- Bryant Space Science Ctr Bldg 38- Office Renovation Design $ 556,710 $ 361,500 08-28-2015 100% CDs MP00212 DAS Headend Equipment Building (John Madey) Design $ 2,000,000 $ 1,750,000 06-30-2015 100% CDs MP00226 M.E.Rinker Hall Renovate Lobby Design $ 86,900 $ 80,000 06-01-2015 Design proceeding MP00248 Building 117 - Electro-Acoustic Module Installation Design $ 44,000 $ 35,000 08-21-2015 Design proceeding MP00288 Government House Rehabilitation Phase III Design $ 1,000,000 $ 1,000,000 07-31-2015 Design proceeding MP00311 Tigert Rm 0033-Estimate to remove double door replace with single door. Design $ 21,400 $ 18,500 07-31-2015 Design proceeding MP00330 Building 315 - Philips Center - Fountain revision & relocate mech. equip. Design $ 177,676 $ 165,176 09-30-2015 Design proceeding MP00331 0704- Grounds Building, Replace rubber roof Design $ 182,150 $ 147,275 06-30-2015 50% CDs MP00333 3451- Warphaus, Replace built up roof and small tar and gravel roof Design $ 185,000 $ 185,000 07-31-2015 Bid Documents MP00335 Building 018 - Infirmary, Replace air handlers in attic mech. room Design $ 276,275 $ 223,000 04-30-2016 Design proceeding MP00340 Building 105 - Classroom Bldg - Replace AHU and Condenser Design $ 240,000 $ 190,682 08-11-2015 100% CDs MP00349 Building 723 - Chemical Eng - Replace AHU-17 Design $ 236,000 $ 203,275 08-01-2015 100% CDs MP00418 1730 - Proton Therapy - Renovate the patient recovery room Design $ 13,150 $ - TBD Design proceeding MP00471 Bldg 0021 Florida Gym Reno. room 240 and 242 Design $ 113,673 $ 113,673 07-31-2015 100% CDs MP00503 Adding modular bldgs equal footprint-where existing mod bldgs-off Mowry Rd Design $ 2,097,133 $ 1,531,888 08-07-2015 50% CDs MP00516 0445 - Stetson Medical Sciences Bldg - Roof replacement Design $ 600,000 $ 527,000 06-26-2015 50% CDs MP00518 0203 - Communicore - Fire Alarm System Replacement in basement. Design $ 500,000 $ 425,000 12-31-2015 Design proceeding MP00547 Building 005 - Smathers Lib - Provide study of HVAC systems in bldg. Design $ 20,000 $ - 05-30-2015 Design proceeding MP00569 COP 2nd Floor Jacksonville Renovation Phase II Design $ 167,779 $ 115,784 08-01-2015 Design proceeding Page 179/190 Project Number Project Name Phase Project Budget Construction Budget SC Date Status MP00593 MBI- Renovate 3rd floor corridor to house equipment Design $ 89,894 $ 89,894 05-13-2015 Design proceeding MP00625 0118-Vet Med-Renovate rooms 5, 6, and 7 Vulpe Ph 1 Design $ 50,000 $ 50,000 06-26-2015 Design proceeding MP00639 Parking Garages - Fulfill work program 2014-2015 Walker Parking Report Design $ 1,000,000 $ 750,000 10-01-2015 Design proceeding MP00741 0100 Williamson Hall Rm0101-Renovate space for a Microscope Lab Design $ 50,000 $ 50,000 08-31-2015 50% CDs MP00762 0028-Chemistry Lab Rm C130 - Classroom renovation Design $ 25,000 $ 25,000 07-29-2016 Design proceeding MP00800 0454 Human Dev. Bldg 6th floor renovation Design $ 721,902 $ 644,237 12-14-2015 Design proceeding MP00815 1011-Broward Dining Center - Renovate Rm 0100 Design $ 50,000 $ 12,310 TBD Design proceeding MP00842 0026 Tigert Hall - Suite Refurbishment second flr. Design $ 349,488 $ 254,888 06-29-2015 Design proceeding MP00854 1017 Vet Med-Renovate Lab for Dr. Zhou V3-207 209 211 216 Design $ 469,000 $ 400,000 06-30-2016 50% CDs MP00891 Alpha One -3 Design $ 703,900 $ 650,000 09-30-2015 50% CDs MP00895 Building 722 - Larson Hall Rm 0117 - Upgrade existing power Design $ 245,000 $ 200,000 09-30-2015 Design proceeding MP00906 1013 Whitney Lab Rm 0108-Install ADA Family restroom in residence hall Design $ 54,437 $ 47,632 10-30-2015 Bid Documents MP00910 0341 Rm 200-Conf rm furnishings Design $ 11,500 $ 11,500 05-31-2015 Design proceeding MP00933 Building 476 - McCarty Chiller Plant - Create Student Affairs Food Pantry Design $ 172,363 $ 157,000 07-31-2015 Design proceeding MP00978 0201 ARB R5-238 - install new VCT, wall base, patch and paint all walls Design $ 4,152 $ 4,152 06-26-2015 Design proceeding MP00987 Building 723 - CEB Rm 300 - Reclassify rooms to NFPA Class 1 Division 2 Design $ 7,500 $ - 07-31-2015 Design proceeding MP00991 Building 117 - Music Room 0223 - Install 3 Wenger Sound-Lok Modules Design $ 61,000 $ 50,000 08-14-2015 Design proceeding MP01030 Building 445 - SMSB Rm M5-32-41-Renovate 5th floor lab suite for Dr. Esser Design $ 1,000,000 $ 832,500 09-01-2015 Conceptual Schematic MP01034 Bldg 0026 Accounting dept carpet replacement Design $ 41,000 $ 41,000 06-29-2015 Design proceeding MP01057 0445 SMS Rm M-403 - Complete renovation Design $ 9,258 $ 9,258 05-15-2015 Design proceeding MP01068 Building 131 Reed Lab Rm 0202-Revise ductwork to eliminate odor problem. Design $ 64,109 $ 53,000 08-31-2015 50% CDs MP01071 Building 689 - Lib West-Install new-upgrade existing security cameras Design $ 57,200 $ 53,200 08-31-2015 Design proceeding MP01072 Building 043 - Marston Sci Lib-Inst. new-upgrade existing security cameras Design $ 35,000 $ 31,000 08-31-2015 Design proceeding MP01088 0026 Tigert Rm 155A & 155C Conference Room Upgrade Design $ 47,894 $ 43,394 06-30-2015 Design proceeding MP01095 0408 Sorority Row-Renovation to Alpha Omicron Pi AOPi Design $ 750,000 $ 750,000 11-27-2015 Design proceeding MP01096 0417 Sorority Row-Renovation to Alpha Epsilon Phi AEPhi Design $ 750,000 $ 750,000 11-27-2015 Design proceeding UAA-36 Soccer and Track Press Box Design $ 20,000 $ 20,000 08-24-2015 100% CDs Total Large Scale Minor Design Projects: 58 $ 26,520,253 $ 22,490,838

Total Quick Response Minor Projects: 167 $ 2,352,671 $ 2,222,956 Grand Total Large and Small Scale Minor Projects:291 $ 61,403,580 $ 52,801,822

Page 180/190 University of Florida Board of Trustees Construction Projects Update Unit: Housing and Residence Education Meeting Date: June 4, 2015 Large Scale Minor Projects Project Project Number Description Budget AE Contractor SC Date Status

15402-589 Graham Commons Site Electrical Upgrade $ 225,000 Brame Architects/Moses USI-Burgess & Dudley 5/28/2015 Construction Proceeding -95% 15148-16 Thomas Hall Air Conditioning $ 1,756,000 Moses & Assoc Oelrich/Inducon 7/25/2015 Construction Proceeding -25% 14431-86 UF-400 Cypress Hall Fixtures, Furnishings $ 625,000 Housing Various 6/30/2015 Delivery Scheduled for 7/9/15 15075-278 Corry 278 Renovation $ 1,960,000 Fred Vyverberg BBI 5/22/2015 Construction Proceeding -90% 15076-284 Corry 284 Renovation $ 1,960,000 Fred Vyverberg CPPI 5/22/2015 Construction Proceeding -70% 15277-1009 Keys 1009 Fire Sprinkler & Alarm Upgrade $ 405,500 Moses & Assoc Various 7/31/2015 Construction Proceeding -15% 15402-589 Graham Commons Oasis Renovation $ 1,254,890 Brame Architects/Moses CPPI 7/27/2015 Construction Proceeding -25% 15404-1004 Keys Complex Breezeway Enclosures & Interior Upgrades$ 580,000 Moses/Vyverberg DE Scorpio 7/28/2015 Construction Proceeding -15% 15405-15 Buckman Hall Flooring Removal and Replacement$ 200,000 GLE AES/Teal Tile 7/15/2015 Construction Proceeding -25% 15356-Various Painting Interiors of 4 Buildings $ 293,000 Housing Various 6/13/2015 Construction Proceeding -25% Various 2014-15 Budgeted-"Capital and Strategic Projects"- 98+ Projects$ 1,476,548 Various Various 08/05/15 In Progress Total Construction Projects: 11+ $ 10,735,938

16361-1010 Keys 1010 Fire Sprinkler & Alarm Upgrade $ 405,500 Moses & Assoc Various 7/31/2016 Will begin August 20, 2016 16360-1006 Keys Complex Breezeway Enclosures & Interior Upgrades$ 580,000 Moses/Vyverberg TBD 7/28/2016 Will begin August 20, 2016 16343-576 Jennings Annex VRF Design $ 83,000 Moses & Assoc TBD TBD Will begin August 20, 2016 Various Graduate & Family Housing Apartment Renovations$ 569,000 Housing Various 11/17/2015 Will begin August 20, 2016 Various 2015-16 Budgeted-"Capital and Strategic Projects"- 112+ Projects$ 2,153,249 Various Various 08/05/16 Scheduling Total Design Projects: 5+ $ 3,790,749

17075-279 Corry 279 Renovation $ 1,960,000 Fred Vyverberg TBD Design to begin TBD-Funding 18077-280 Corry 280 Renovation $ 1,960,000 Fred Vyverberg TBD Design to begin TBD-Funding 19078-285 Corry 285 Renovation $ 1,960,000 Fred Vyverberg TBD Design to begin TBD-Funding 16404-1006 Keys Breezeway Enclosures & Interior Upgrades$ 580,000 Moses & Assoc Design to begin 11/20/15 Various Graduate & Family Housing Apartment Renovations$ 600,000 Housing Various 11/17/2016 Will begin August 20, 2016 Total Planning Projects: 5+ $ 7,060,000

Total Completed Projects: $ -

GRAND TOTAL Department of Housing Projects: 21+ Projects $ 21,586,687

Page 181/190 University of Florida Board of Trustees Construction Projects Update Unit: IFAS Facilities Planning and Operations Meeting Date: June 4, 2015 UF Minor Projects - Large Scale Project Number Project Name Phase Project Budget Construction Budget SC Date Status IF014022 B0981 - Replace steam boiler and DI system (EXP) Construction $ 259,263 $ 259,263 TBD Construction proceeding - 10% IF014023 B0711 - Replace Roof (CAP) Construction $ 117,319 $ 117,319 TBD Construction proceeding - 10% IF014025 B7103 - Replace Roof (EXP) Construction $ 119,495 $ 119,495 TBD Construction proceeding - 10% IF014026 B7135 - Replace Roof (CAP) Construction $ 156,495 $ 156,495 TBD Construction proceeding - 10% IF014027 B0044 - Renovate (CAP) Construction $ 190,600 $ 190,600 TBD Construction proceeding - 10% IF014034 B0468 - Renovate (CAP) Construction $ 303,556 $ 303,556 TBD Construction Started IF014036 B0459 - Replace elevator - code compliant (EXP) Construction $ 119,038 $ 119,038 TBD Construction proceeding - 10% IF014037 B0717 - Replace elevator - code compliant (CAP) Construction $ 328,000 $ 328,000 TBD Construction proceeding - 10% IF014040 S5001 - Upgrade electrical distribution system (CAP) Construction $ 90,000 $ 90,000 TBD Construction proceeding - 10% IF014043 S4201 - Correct drainage issues and upgrade farm roads (CAP) Construction $ 76,291 $ 76,291 TBD Project in planning IF014045 S0001 - Replace various small building roofs (CAP EXP) Construction $ 56,991 $ 56,991 TBD Construction proceeding - 70% IF014046 S4602 - Replace various small building roofs (EXP) Construction $ 250,000 $ 250,000 TBD Construction Started IF014053 S0001 - Repair various BAS system panels (EXP) Construction $ 166,075 $ 166,075 TBD Project complete IF014054 S0001 - Replace various small HVAC systems (EXP) Construction $ 71,810 $ 71,810 TBD Construction proceeding - 10% IF014056 S0112 - Replace various HVAC systems (EXP) Construction $ 58,000 $ 58,000 TBD Construction proceeding - 10% IF014058 B5211 - Replace Chillers (CAP) Construction $ 347,181 $ 347,181 TBD Construction proceeding - 10% IF014059 B7904 - Replace CW line insulation (EXP) Construction $ 50,544 $ 50,544 TBD Project complete IF014060 B7499 - Replace Lab HVAC units (EXP) Construction $ 65,907 $ 65,907 TBD Project complete IF014061 B4240 - Refurbish labs for proper lab environmental requirements (CAP) Construction $ 550,592 $ 550,592 TBD Design proceeding IF014062 S0001 - Mowry Road utility code upgrades (EXP) Construction $ 62,838 $ 62,838 TBD Project complete IF014065 B7131 - Equipment Storage (CAP) Construction $ 3,450 $ 3,450 TBD Construction Started IF014075 B2205 - Renovate (CAP) Construction $ 372,535 $ 372,535 TBD Construction Started IF014091 S0001 - Minor repairs renovations (EXP) Construction $ 81,815 $ 81,815 TBD Construction proceeding - 10% IF014093 B0120 - Renovate for Taste Panel (EXP) Construction $ 122,676 $ 122,676 TBD Construction proceeding - 10% IF014099 B0460 - Replace roof (CAP) Construction $ 52,000 $ 52,000 TBD Project complete IF014101 B0085 - Demo (EXP) Construction $ 80,000 $ 80,000 TBD Construction proceeding - 10% IF014106 B8220 - Upgrade building for fertilizer equipment (EXP) Construction $ 98,660 $ 98,660 TBD Construction proceeding - 10% IF014111 B8132 - Renovate bathrooms for ADA compliance (CAP) Construction $ 129,800 $ 129,800 TBD Construction proceeding - 10% IF014114 S5301 - Minor renovation repairs (EXP) Construction $ 98,542 $ 98,542 TBD Project in planning IF014121 B0654 - Hydrology Storage Bldg (CAP) Construction $ 83,327 $ 83,327 TBD Construction proceeding - 10% IF014122 S0001 - Minor repairs to Greenhouses (EXP) Construction $ 69,336 $ 69,336 TBD Construction proceeding - 50% IF014124 B0495 - Renovate Phase III (EXP) Construction $ 54,720 $ 54,720 TBD Construction proceeding - 10% IF015006 B1249 - Renovate GH (CAP) Construction $ 105,000 $ 105,000 TBD Project in planning IF015007 B7712 - Addition and renovations (CAP) Construction $ 2,000,000 $ 2,000,000 TBD Construction proceeding - 10% IF015015 B1346 - Replace poly roof (CAP) Construction $ 5,400 $ 5,400 TBD Project in planning IF015017 B1202 - Replace vent wall mechanics and cooling pad system (EXP) Construction $ 19,165 $ 19,165 TBD Project complete IF015018 B1203 - Replace vent wall mechanics and cooling pad system (EXP) Construction $ 15,548 $ 15,548 TBD Project complete IF015019 B1204 - Replace vent wall mechanics and cooling pad system (EXP) Construction $ 14,254 $ 14,254 TBD Project complete IF015020 B1220 - Replace cover, vent wall mechanics, cooling pad system (EXP) Construction $ 27,202 $ 27,202 TBD Project complete IF015021 B1283 - Replace vent wall mechanics (EXP) Construction $ 9,610 $ 9,610 TBD Project complete IF015026 S0001 - Replace septic and drainfield (EXP) Construction $ 15,000 $ 15,000 TBD Construction proceeding - 10% IF015031 S0109 - Upgrade flush lane solid separator (EXP) Construction $ 148,621 $ 148,621 TBD Construction proceeding - 10% IF015033 B1201 - Replace cover, vent wall mechanics, cooling pad system (EXP) Construction $ 32,806 $ 32,806 TBD Project complete IF015045 B8704 - Renovate for office support space (CAP) Construction $ 275,000 $ 275,000 TBD Construction proceeding - 10% IF015047 S2501 - Repair roadways and site work (EXP) Construction $ 40,000 $ 40,000 TBD Construction proceeding - 10%

Page 182/190 Project Number Project Name Phase Project Budget Construction Budget SC Date Status IF015050 B8326 - Modify lab HVAC (EXP) Construction $ 35,000 $ 35,000 TBD Construction proceeding - 10% IF015054 B01355 - Replace poly cover, eave, baseboards, repair door (EXP) Construction $ 4,409 $ 4,409 TBD Construction proceeding - 10% IF015073 B7201 - Graduate Residence (CAP) Construction $ 53,270 $ 53,270 TBD Construction proceeding - 10% IF015076 B0681 - Install walk-in cooler (EXP) Construction $ 12,190 $ 12,190 TBD Construction proceeding - 10% IF015077 B7712 - Renovate (EXP) Construction $ 528,213 $ 528,213 TBD Construction proceeding - 10% IF015082 B0498 - Renovate room 1022 (EXP) Construction $ 16,200 $ 16,200 TBD Construction proceeding - 10% IF015086 S4201 - Upgrade Utilities (EXP) Construction$ 12,300 $ 12,300 TBD Construction proceeding - 10% IF015087 B1207 - Replace cooling system, lights, repair structure (EXP) Construction $ 15,304 $ 15,304 TBD Construction Started IF015092 B8109 - Install HVAC and attic insulation (EXP) Construction $ 8,627 $ 8,627 TBD Project complete IF015107 B0497 - Renovate Graduate Student space (EXP) Construction $ 20,000 $ 20,000 TBD Project in planning Total Large Scale Minor Construction Projects: 55 $ 8,099,976 $ 8,099,976

IF014048 B8004 - Replace roof and resolve building envelope issues (CAP) Design $ 128,700 $ 128,700 TBD Design proceeding IF014049 B7904 - Replace roof (CAP) Design $ 833,600 $ 833,600 TBD Project in planning IF014109 S5402 - Infrastructure Development Plan (EXP) Design $ 15,750 $ 15,750 TBD Project in planning IF015063 B7499 - Replace OA HVAC Unit (CAP) Design $ 200,000 $ 200,000 TBD Design proceeding Total Large Scale Minor Design Projects: 4 $ 1,178,050 $ 1,178,050

IF014038 B9620 - Code Compliant corrections to kitchen (CAP) Planning 275000 275000 TBD Project in planning IF014039 B9214 - Code Compliant corrections to dining hall (CAP) Planning 20443 20443 TBD Project in planning IF014047 B7130 - Replace roof (CAP) Planning 26469 26469 TBD Project in planning IF014057 B7321 - Replace OA HVAC lab unit (CAP) Planning 50000 50000 TBD Project in planning IF014063 B9214 - Replace water heaters (CAP) Planning 4557 4557 TBD Project in planning IF014125 B0498 - Minor renovation repairs (EXP) Planning 180231 180231 TBD Project in planning IF015010 B1200 - Install climate control system, electric and plumbing (CAP) Planning 104448 104448 TBD Project in planning IF015011 B1334 - Milking Parlor addition (CAP) Planning 9563 9563 TBD Project in planning IF015022 B0150 - Renovate (CAP) Planning 203761.5 203761.5 TBD Project in planning IF015024 B0360 - Install lighting system,replace condenser fan motor (EXP) Planning 8810.9 8810.9 TBD Project in planning IF015025 S0001 - Resurface parking lot (CAP) Planning 40000 40000 TBD Project in planning IF015027 B0459 B0499 - Replace heating hot water lines (CAP) Planning 30000 30000 TBD Project in planning IF015028 B0459 B0499 - Replace walk-in cooler condensers (EXP) Planning 150000 150000 TBD Project in planning IF015030 S0001 - Repair several Greenhouse structures (EXP) Planning 60000 60000 TBD Project in planning IF015035 B0350 - Install fume hood (EXP) Planning 65000 65000 TBD AE & CM selection in progress IF015036 B1331 - Demolish (EXP) Planning 17700 17700 TBD Project in planning IF015041 S6101 - Install irrigation system (EXP) Planning 150000 150000 TBD Project in planning IF015042 B0495 - Replace casework (EXP) Planning 150000 150000 TBD Project in planning IF015043 B0498 - Upgrade entrance (EXP) Planning 300000 300000 TBD Project in planning IF015046 S3201 - Demolish several buildings at swine unit (EXP) Planning 28868.8 28868.8 TBD Project in planning IF015055 B0669 - Replace HVAC, electrical and benches (CAP) Planning 73626 73626 TBD Project in planning IF015057 S3301 - Environmental Remediation (EXP) Planning 106110 106110 TBD Project in planning IF015058 B8040 - Storage Facility (CAP) Planning 4526.11 4526.11 TBD Project in planning IF015060 B7124 - Replace Chiller and AHU (CAP) Planning 548116 548116 TBD Project in planning IF015061 B7167 - Replace HVAC Units and BAS Systems (CAP) Planning 344884 344884 TBD Project in planning IF015064 B7499 - Replace casework (EXP) Planning 180000 180000 TBD Project in planning IF015065 S1101 - Site Improvements (CAP) Planning 255566.94 255566.94 TBD Project in planning IF015067 B0885 - Replace OA HVAC Unit (EXP) Planning 90000 90000 TBD Project in planning IF015071 S0001 - Minor roof replacements (CAP EXP) Planning 10000 10000 TBD Project in planning IF015075 B0496 - Replace drywall, paint, lights (EXP) Planning 18442.6 18442.6 TBD Project in planning IF015078 B0717 - Install air compressor and misting system (EXP) Planning 14885 14885 TBD Project in planning IF015079 B7528 7529 7530 - Tunnel Houses (CAP) Planning 27000 27000 TBD Project in planning

Page 183/190 Project Number Project Name Phase Project Budget Construction Budget SC Date Status IF015080 B5201 - Office Lab addition (CAP) Planning 1675897 1675897 TBD Project in planning IF015081 B1387 - Install benches, lighting, irrigation (EXP) Planning 9300 9300 TBD Project in planning IF015083 B4018 - Greenhouse addition (CAP) Planning 68000 68000 TBD Project in planning IF015084 B7390 - Reskin building (CAP) Planning 46840 46840 TBD Project in planning IF015085 Install new or modify electric supply and ac installation (EXP) Planning 119000 119000 TBD Project in planning IF015091 B7321 - Upgrade fume hood (EXP) Planning 53430 53430 TBD Project in planning IF015093 B7904 - Modify casework (EXP) Planning 9572 9572 TBD Project in planning IF015094 B7178 - Replace roof (EXP) Planning 5010 5010 TBD Project in planning IF015095 B2203 - Renovate Building envelope (EXP) Planning 5400 5400 TBD Project in planning IF015096 B2250 - Repair deck (EXP) Planning 10000 10000 TBD Project in planning IF015097 B2242 - Land Management Bldg (CAP) Planning 75632.56 75632.56 TBD Project in planning IF015098 B0474 - Renovate for Global Food Hub (EXP) Planning 727000 727000 TBD Project in planning IF015099 B0498 - Install wall partition, door and lights in room 1041 (EXP) Planning 6300 6300 TBD Project in planning IF015100 B9411 - Equipment Storage (CAP) Planning 16500 16500 TBD Project in planning IF015101 B7531 - Equipment Storage (CAP) Planning 86079 86079 TBD Project in planning IF015102 B0664 - Renovate (EXP) Planning 50000 50000 TBD Project in planning IF015103 S4801 - Upgrade electrical (EXP) Planning 33214 33214 TBD Project in planning IF015104 B0824 - Upgrade lamps and irrigation (EXP) Planning 5852 5852 TBD Project in planning IF015105 B7129 - Equipment Storage (CAP) Planning 1725 1725 TBD Project in planning IF015108 B0068 - Replace chiller unit (EXP) Planning 125000 125000 TBD Project in planning IF015109 S0120 - Upgrade Roads (EXP) Planning 75000 75000 TBD Project in planning IF015110 B7393 - Mix Load Facility (CAP) Planning 80000 80000 TBD Project in planning IF015111 B8418,B8419 - Grain Storage Bins (CAP) Planning 12587 12587 TBD Project in planning IF015112 B005,B0088,B0090 - Renovate (CAP) Planning 101000 101000 TBD Project in planning IF015113 B0735 - Upgrade cooling, shading and irrigation (CAP) Planning 5600 5600 TBD Project in planning IF015114 B0736 - Upgrade cooling, shading and irrigation (CAP) Planning 12000 12000 TBD Project in planning Total IFAS Minor Planning Projects: 58 $ 6,963,947 $ 6,963,947 Grand Total Large and Small Scale Minor Projects $ 16,241,973 $ 16,241,973

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UF Foundation - Endowment March 31, 2015 Page 185/190 UF Foundation - Endowment Quarterly Performance Report

Endowment Pool March 31, 2015

Since the founding of the University of Florida (UF) in 1853, generous alumni, Endowment Assets corporations, foundations, parents and friends have contributed financial resources to (in billions) assist UF in achieving its long-term mission of providing a superb education for $1.5 undergraduates while maintaining excellent graduate programs and professional schools. As a result, UF’s total endowment market value is among the largest public university endowments in the United States. $1.0 The UF endowment assets reside with the University of Florida Foundation (UFF). UFF is a private, not-for-profit, 501(c)(3) direct support organization of UF that raises and manages all gift money for the benefit of UF. UFF’s management of the Endowment Pool is designed to accomplish two goals: $0.5 1. Provide a total return from assets invested that will preserve or increase the purchasing power of the endowment capital, and; $0.0 2. Generate the maximum current spendable income stream to support activities of funds held for colleges and units of UF. Since the inception of the University of Florida Investment Corporation (UFICO) in June 2004, the investment of the Endowment Pool has been managed by UFICO and overseen by the Finance Committee of the UFF Board of Directors, which establishes the goals and Purchasing Power Inception to Date1 performance benchmarks for the pool. $225 Investment Objective $200 Through UFICO’s management of the Endowment Pool, UFF seeks to achieve an $175 annualized real rate of return of at least 4.7% net of fees to preserve and enhance the purchasing power of the endowment. To measure performance results, returns are $150 compared against the following benchmarks: $125

• CPI + 4.7% Benchmark – The consumer price index plus the average gross spending $100 of Growth rate for the endowment. This is a measure of the purchasing power of the $100 endowment over time considering the effects of inflation. $75 • UFICO Policy Benchmark – This is an asset-weighted composite index which represents a passive implementation of the Pool’s strategic asset allocation. Returns are measured over the long-term as the Endowment Pool is able to tolerate Endowment CPI + 4.7% Policy variability in the short and intermediate-term given its long investment horizon. 1 UFICO inception of June 2004. Page 186/190

UF Foundation - Endowment Financial Recap March 31, 2015

Financial Recap Fiscal UFF Year New Endowment Overhead UFICO Investment Investment Period Beginning NAV Endowments Spending Fees Fees Income Ending NAV Return

Q3- 15 1,530,260$ 5,761$ (12,777)$ (3,874)$ (566)$ 30,478$ 1,549,282$ 2.0% Q2- 15 1,520,575$ 13,723$ (12,723)$ (3,840)$ (578)$ 13,103$ 1,530,260$ 0.9% Q1- 15 1,511,974$ 7,334$ (12,458)$ (3,746)$ (564)$ 18,035$ 1,520,575$ 1.2%

FY- 14 1,345,840$ 42,431$ (47,131)$ (14,110)$ (2,157)$ 187,101$ 1,511,974$ 13.8% FY- 13 1,262,971$ 28,263$ (44,609)$ (13,694)$ (1,756)$ 114,665$ 1,345,840$ 9.1% FY- 12 1,276,322$ 42,312$ (43,162)$ (14,100)$ (1,959)$ 3,558$ 1,262,971$ 0.1% FY-11 1,103,464$ 34,830$ (37,588)$ (12,719)$ (1,601)$ 189,936$ 1,276,322$ 17.3% FY-10 1,014,335$ 34,521$ (36,547)$ (11,414)$ (1,831)$ 104,401$ 1,103,464$ 10.2% FY- 09 1,241,570$ 48,478$ (43,907)$ (11,011)$ (1,983)$ (218,812)$ 1,014,335$ -17.7% FY-08 1,189,657$ 68,324$ (41,713)$ (10,256)$ (1,866)$ 37,424$ 1,241,570$ 3.0% FY-07 958,861$ 88,977$ (33,659)$ (8,448)$ (1,435)$ 185,361$ 1,189,657$ 18.8% FY-06 804,240$ 79,233$ (27,090)$ (6,702)$ (1,107)$ 110,287$ 958,861$ 13.3% FY-05 691,172$ 72,316$ (24,062)$ (5,904)$ (933)$ 71,651$ 804,240$ 9.5% Note: All values in $ 000's

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UF Foundation - Endowment Asset Allocation March 31, 2015 Strategic Target Active Target Actual

Public Equity Public Equity Cash 0.8% Public Equity 35% Fixed Income 35% Fixed Income 5.3% Fixed Income 36.8% 7% Real Estate 5.4% 10% Hedged Hedged Strategies Real Estate Strategies Real Estate 26% 6% Natural Res. Hedged 29% 8.7% Private Strategies 6% Private Private Natural Res. Equity 29.2% Natural Res. Equity Equity 10% 13.8% 10% 13% 13%

Asset Allocation Strategic Active Actual Target Target 3/31/15 Public Equity 35.0% 35.0% 36.8% Hedged Strategies 26.0% 29.0% 29.2% Private Equity 13.0% 13.0% 13.8% Natural Resources 10.0% 10.0% 8.7% Real Estate 6.0% 6.0% 5.4% Fixed Income 10.0% 7.0% 5.3% Cash 0.0% 0.0% 0.8% Total 100.0% 100.0% 100.0%

Page 188/190 UF Foundation - Endowment Quarterly Performance Report

Performance Commentary March 31, 2015 Endowment Pool Returns Endowment1 Despite weak fundamentals and an uptick in volatility, US equities managed a gain for the 10% Policy quarter ended March 31st with the S&P 500 Index finishing up 0.95%. Developed 8.9% 8.7% 8.4% 8.2% international markets fared a bit better. The MSCI EAFE Index was up 4.9% for the quarter 7.3% on developing signs of recovery in the European economy. Coming off a weak quarter, the MSCI Emerging Markets Index rebounded some gaining 2.2% for the quarter. The fixed 6.2% income markets had another strong quarter with the Barclays Aggregate Bond Index up 1.6%. 4.8% 4.5% Yields on the 10-year Treasuries further dropped to 1.93% and 30-year Treasuries dropped to 5% 4.0% 2.54%, their lowest in over 12 months. 2.8% The UFF Endowment Pool gained 2.0% for the quarter, outperforming its Policy Benchmark 2.0% return of 1.2%. With the exception of Fixed Income, all asset classes contributed to the 1.2% outperformance for the Endowment during the quarter. The Public Equity portfolio, lead by active management in the global equity space, returned 2.6% for the quarter, ahead of its 0% respective benchmark return of 2.3%. The Hedged Strategies portfolio returned 3.3% for the Quarter FYTD 1 Year 3 Years 5 Years 7 Years quarter, ahead of its benchmark return of 2.8% for the quarter. Global macro and event driven strategies were the dominant contributors for the quarter. The Fixed Income portfolio Risk / Return returned 0.6% for the quarter versus 1.5% for its respective benchmark. The weak relative Inception to Date2 performance for Fixed Income was primarily due to the portfolio’s shorter duration stance and an allocation to global bonds. The Private Equity and Natural Resource portfolios, with returns of 4.8% and -9.9%, 8.5% respectively, for the quarter, both outperformed their respective benchmark returns of 3.9% and -12.0%. While the Natural Resources portfolio did outperform its benchmark by over 7.5% UFF 200 basis points, it did suffer write-downs in the energy sector due to the collapse in oil MSCI ACWI prices. The Real Estate portfolio returned 7.7% during the quarter, outperforming its Policy 70/30 respective benchmark which returned 3.0% for the quarter. 6.5% Return For the fiscal year-to-date period ended March 31st, the UFF Endowment Pool is up 4.0%, which is 120 basis points ahead of its Policy Benchmark for the period. For the 12 month 5.5% period ended March 31st, the UFF Endowment Pool returned 7.3%, ahead of the portfolio’s Policy Benchmark return of 6.2% for the same period. During the trailing three-, five-, and Agg Bond seven-year periods, the UFF Endowment Pool was up 8.4%, 8.2%, and 4.8%, respectively, 4.5% versus the Policy Benchmark returns of 8.9%, 8.7%, and 4.5% over the same periods. 2% 7% 12% 17% Risk 1 Actual returns are net of all investment management fees, but gross of UFF annual management fees. 2 Page 189/190 UFICO inception of June 2004.

UF Foundation - Endowment Quarterly Performance Report March 31, 2015

2 (000's) Allocation Fiscal Year Annualized NAV Actual Targe t1 Q1 Q2 Q3 YTD 1 Ye ar 3 Ye ar 5 Ye ar 7 Ye ar 10 Year UFF Endowment $1,549,282 100.0% 100.0% 1.16% 0.86% 1.96% 4.03% 7.30% 8.43% 8.22% 4.75% 6.85% UFF Endowment Policy Benchmark 0.81% 0.75% 1.20% 2.79% 6.21% 8.92% 8.74% 4.52% 6.51%

Public Equity $568,971 36.8% 35.0% -1.79% 1.02% 2.61% 1.80% 5.72% 10.30% 9.35% 5.95% 7.44% MSCI ACWI Free -2.30% 0.41% 2.31% 0.36% 5.42% 10.75% 8.99% 4.50% 6.44% Hedged Strategies $452,444 29.2% 29.0% 0.25% 0.95% 3.29% 4.52% 8.14% 5.95% 4.16% 2.96% 4.99% HFRI FoF Strategic Index +1% 0.01% 1.19% 2.81% 4.05% 6.09% 6.49% 4.61% 2.58% 4.26% Fixed Income $82,340 5.3% 7.0% -1.32% -1.08% 0.57% -1.82% 0.31% 1.05% 4.10% 3.36% 4.24% Fixed Income Benchmark -0.86% 1.05% 1.54% 1.72% 4.46% 1.55% 3.92% 4.41% 4.74% Private Equity $213,468 13.8% 13.0% 5.13% 1.85% 4.81% 12.22% 16.30% 12.90% 13.93% 8.50% 11.85% Cambridge Private Equity Index 4.08% -0.56% 3.90% 7.53% 11.31% 14.89% 14.22% 7.68% 12.43%

Natural Re source s $134,915 8.7% 10.0% 8.75% 0.57% -9.89% -1.45% 1.46% 8.43% 10.44% 8.91% 6.40% Cambridge Natural Resources Index 9.15% 0.39% -12.03% -3.60% -2.05% 5.16% 10.16% 8.57% 12.23%

Real Estate $84,194 5.4% 6.0% 3.77% 0.55% 7.73% 12.41% 14.81% 10.58% 9.97% 1.84% 5.30% Real Estate Benchmark 3.01% 3.67% 3.00% 10.00% 13.47% 11.54% 11.28% -2.96% 2.21%

Cash $12,950 0.8% 0.0% 0.06% 0.04% 0.15% 0.25% 0.26% 0.22% 0.25% 0.58% 1.71% Citi 3 Month Treasury Bill 0.01% 0.00% 0.01% 0.02% 0.03% 0.05% 0.07% 0.23% 1.41%

Benchmark Composites UFF Endowment: 35% MSCI ACWI, 26% HFRI FoF Strategic + 1%, 13% Cambridge Private Equity, 10% Cambridge Natural Resources, 5.1% Cambridge Real Estate, 0.9% Wilshire US RESI, 5% Barclays Government Index, 5% Barclays US Inflation-Linked Bond Index Fixed Income Benchmark: 7/1/04-6/30/11 - 100% Barclays Universal; As of 7/1/11 - 50% Barclays Gov't Index / 50% Barclays US Inflation Protected Real Estate Benchmark: 7/1/04-12/31/13 - 100% Cambridge Real Estate Index; As of 1/1/14 - 85% Cambridge Real Estate Index / 15% Wilshire US Real Estate Securities Index

Note: Investor Pool returns are net of all UFICO and investment management fees. Asset class returns are gross of UFICO fees and net of investment management fees. 1 Active Target 2 Fiscal year-end is June 30.

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